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Remy Cointreau (OTCMKTS:REMYY) Trading 5% Higher - Here's What Happened

Remy Cointreau logo with Consumer Staples background

Key Points

  • Remy Cointreau's stock price increased by 5% during trading, closing at $6.54, despite a notable decline in trading volume.
  • Analyst ratings on Remy Cointreau are mixed, with one analyst giving it a Strong Buy, while others have assigned Hold and Sell ratings, resulting in an average rating of "Hold".
  • The company announced a dividend payment set for October 16th, yielding 119.0%, although this follows a recent cut in dividends.
  • Looking to export and analyze Remy Cointreau data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Remy Cointreau (OTCMKTS:REMYY - Get Free Report) shares shot up 5% during mid-day trading on Tuesday . The stock traded as high as $6.54 and last traded at $6.54. 1,540 shares were traded during mid-day trading, a decline of 97% from the average session volume of 50,345 shares. The stock had previously closed at $6.23.

Wall Street Analysts Forecast Growth

REMYY has been the topic of a number of recent research reports. Barclays upgraded shares of Remy Cointreau from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 1st. Morgan Stanley reissued an "underweight" rating on shares of Remy Cointreau in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Remy Cointreau presently has a consensus rating of "Hold".

View Our Latest Analysis on REMYY

Remy Cointreau Trading Up 2.5%

The stock's 50-day simple moving average is $5.97 and its 200 day simple moving average is $5.43. 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 disclosed a dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, July 28th will be issued a $0.0723 dividend. The ex-dividend date is Friday, July 25th. This represents a dividend yield of 119.0%.

About Remy Cointreau

(Get Free Report)

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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