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

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.

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

Analysts Set New Price Targets

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

Remy Cointreau Stock Up 2.5%

The company has a current ratio of 2.76, a quick ratio of 0.32 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $5.97 and a 200 day moving average price of $5.43.

Remy Cointreau Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 16th. Investors of record on Monday, July 28th will be given a $0.0723 dividend. The ex-dividend date is Friday, July 25th. This represents a yield of 119.0%.

About Remy Cointreau

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.