Pernod Ricard (OTCMKTS:PDRDF) Trading Up 2.4% – Here’s What Happened

Pernod Ricard SA (OTCMKTS:PDRDF)’s share price shot up 2.4% during trading on Thursday . The stock traded as high as C$76.72 and last traded at C$76.72. 86 shares were traded during trading, a decline of 99% from the average session volume of 5,940 shares. The stock had previously closed at C$74.89.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reissued an “underweight” rating on shares of Pernod Ricard in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Pernod Ricard has an average rating of “Sell”.

Pernod Ricard Trading Down 5.7%

The firm has a 50-day moving average of C$74.39 and a 200 day moving average of C$84.06.

Pernod Ricard Company Profile

Pernod Ricard SA (OTCMKTS:PDRDF) is a French multinational company specializing in the production, distribution and marketing of wines and spirits. The company’s portfolio spans a broad range of premium brands, including whiskies such as Chivas Regal and The Glenlivet, cognacs under the Martell label, vodkas like Absolut, and tequilas including Olmeca. In addition to these core offerings, Pernod Ricard markets rosé and sparkling wines, liqueurs and ready-to-drink cocktails, positioning itself among the world’s leading producers in the beverage alcohol industry.

Formed in 1975 through the merger of Pernod and Ricard—two well-established French distillers—the organization has grown organically and through targeted acquisitions to extend its global footprint.