Remy Cointreau (OTCMKTS:REMYY) Stock Price Up 4.2% - Here's Why

Key Points

• Shares of Remy Cointreau increased by 4.2%, trading at $7.02, but experienced a 94% decline in trading volume compared to average levels.
• Analysts are optimistic, with Berenberg Bank upgrading the stock to a "strong-buy" and Barclays changing its rating from "strong sell" to "hold."
• The company announced a dividend of $0.0723 to be paid on October 16th, with a yield of 1.19%.
• Remy Cointreau's current and quick ratios are strong at 2.76 and 0.32 respectively, indicating good liquidity.

Shares of Remy Cointreau (OTCMKTS:REMYY - Get Free Report) shot up 4.2% during trading on Friday . The company traded as high as $7.04 and last traded at $7.02. 3,366 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 55,321 shares. The stock had previously closed at $6.74.

Wall Street Analyst Weigh In

REMYY has been the subject of a number of research reports. Barclays raised shares of Remy Cointreau from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 1st. Berenberg Bank raised shares of Remy Cointreau to a "strong-buy" rating in a research note on Wednesday, April 2nd.

Remy Cointreau Price Performance

The company's 50-day moving average price is $5.68 and its 200 day moving average price is $5.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.76 and a quick ratio of 0.32.

Remy Cointreau Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 16th. Investors of record on Monday, July 28th will be paid a $0.0723 dividend. The ex-dividend date of this dividend is Friday, July 25th. This represents a dividend yield of 1.19%.

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.