Pernod Ricard (OTCMKTS:PRNDY) Shares Gap Up – Here’s Why

Pernod Ricard SA (OTCMKTS:PRNDY)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $14.71, but opened at $15.30. Pernod Ricard shares last traded at $15.2140, with a volume of 2,945 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Pernod Ricard from a “strong sell” rating to a “hold” rating in a 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Pernod Ricard Stock Down 1.0%

The firm’s 50 day moving average price is $14.40 and its 200 day moving average price is $14.75. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.78 and a current ratio of 2.47.

About Pernod Ricard

Pernod Ricard is a France-based international beverage company that produces, distributes and markets a broad portfolio of wines and spirits. Its offerings include whiskey, vodka, rum, gin, cognac, champagne, sparkling wine, tequila, liqueurs and anise-flavored spirits.

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, Beefeater gin, Malibu, Mumm and Perrier-Jouët champagnes, and Ricard pastis.