Remy Cointreau (OTCMKTS:REMYY) Reaches New 12-Month High – Here’s What Happened

Remy Cointreau (OTCMKTS:REMYY)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $5.84 and last traded at $5.84, with a volume of 5,532 shares. The stock had previously closed at $5.79.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein downgraded Remy Cointreau to a “market perform” rating in a research note on Tuesday, October 27th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Remy Cointreau Stock Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 3.16 and a quick ratio of 0.34. The stock’s 50 day simple moving average is $5.20 and its 200 day simple moving average is $4.92.

Remy Cointreau Company Profile

Rémy Cointreau is a French spirits group that develops, produces and markets premium spirits. Its portfolio spans cognac, liqueurs, rum, whisky and gin, with brands including Rémy Martin and Louis XIII cognacs, Cointreau liqueur, Mount Gay rum, Bruichladdich whisky and The Botanist gin. The group was formed in 1990 through the merger of the Rémy Martin and Cointreau businesses. The Rémy Martin house traces its origins to 1724, while Cointreau was founded in 1849. Headquartered in France, Rémy Cointreau serves customers in markets around the world through its international brand and distribution operations.