Pernod Ricard (OTCMKTS:PRNDY) Sees Strong Trading Volume – Time to Buy?

Pernod Ricard SA (OTCMKTS:PRNDY) saw strong trading volume on Monday. 782,234 shares were traded during mid-day trading, an increase of 11% from the previous session’s volume of 703,897 shares. The stock last traded at $13.87 and had previously closed at $13.80.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Pernod Ricard from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Pernod Ricard Price Performance

The business’s 50 day moving average is $14.53 and its 200 day moving average is $14.73. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.78 and a current ratio of 2.47.

Pernod Ricard Company Profile

Pernod Ricard is a France-based beverage company that produces, distributes and markets wines and spirits. Its portfolio spans whisky, vodka, gin, rum, cognac, champagne, sparkling wine, liqueurs and anise-flavored spirits, serving consumers through a global network of subsidiaries, distributors and commercial partners.

The company’s brand portfolio includes Absolut vodka, Jameson Irish whiskey, Chivas Regal, Ballantine’s, Royal Salute and The Glenlivet Scotch whiskies, Martell cognac, Havana Club rum, Malibu, Beefeater gin, Kahlúa, Mumm and Perrier-Jouët champagnes, and Ricard pastis.