Campari Group (OTCMKTS:DVDCF) Shares Gap Up – Still a Buy?

Campari Group (OTCMKTS:DVDCF) shares gapped up before the market opened on Wednesday. The stock had previously closed at $6.77, but opened at $7.15. Campari Group shares last traded at $7.15, with a volume of 7,100 shares changing hands.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Campari Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Campari Group Price Performance

The business’s 50-day moving average is $6.85 and its two-hundred day moving average is $6.72.

Campari Group Company Profile

Campari Group, officially Davide Campari-Milano N.V., is an Italy-based global beverage company that produces and markets premium spirits, aperitifs, cocktails and wines. Its portfolio includes internationally recognized brands such as Aperol, Campari, SKYY Vodka, Wild Turkey, Grand Marnier, Espolòn Tequila, Appleton Estate and Wray & Nephew.

The company traces its origins to 1860, when Gaspare Campari created the original Campari aperitif in Milan. Over time, Campari Group expanded through brand development and acquisitions, building a diversified portfolio across aperitifs, tequila, rum, bourbon, vodka, cognac and sparkling wines.

Campari Group is headquartered in Sesto San Giovanni, near Milan, Italy, and serves markets across Europe, North America, Latin America, Asia-Pacific and other international regions.