Remy Cointreau (OTCMKTS:REMYY) Stock Price Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• Remy Cointreau shares have crossed above their 50-day moving average, reaching a price of $5.82 during trading.
• Analysts have mixed ratings on the stock, with one Strong Buy, one Buy, one Hold, and one Sell rating, leading to an average rating of "Moderate Buy."
• The company maintains a debt-to-equity ratio of 0.29, indicating a relatively low level of debt compared to equity.

Remy Cointreau (OTCMKTS:REMYY - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.72 and traded as high as $5.82. Remy Cointreau shares last traded at $5.81, with a volume of 3,504 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on REMYY shares. Morgan Stanley reaffirmed an "underweight" rating on shares of Remy Cointreau in a research report on Tuesday, August 12th. Citigroup reaffirmed a "buy" rating on shares of Remy Cointreau in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Remy Cointreau Stock Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 2.76 and a quick ratio of 0.32. The stock's 50-day moving average price is $5.72 and its 200 day moving average price is $5.61.

Remy Cointreau Company Profile

Rémy Cointreau SA, together with its subsidiaries, engages in the production, sale, and distribution of liqueurs and spirits. It operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. The company offers cognacs, liqueurs, single malt whiskies, gins, rums, brandies, wines, and champagnes primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, The Botanist, Westland, Le Domaine des Hautes Glaces, Belle de Brillet, Telmont, Port Charlotte, Octomore, Rémy Martin, and LOUIS XIII brands.

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