Pernod Ricard (OTCMKTS:PRNDY) Sets New 12-Month Low – Should You Sell?

Pernod Ricard SA (OTCMKTS:PRNDY) shares hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $13.2580 and last traded at $13.2580, with a volume of 93736 shares changing hands. The stock had previously closed at $13.60.

Wall Street Analyst Weigh In

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

Pernod Ricard Stock Performance

The company has a quick ratio of 0.78, a current ratio of 2.47 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $14.82 and its 200-day simple moving average is $14.83.

About Pernod Ricard

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.