Rémy Cointreau (OTCMKTS:REMYY) Downgraded to Hold at BNP Paribas

BNP Paribas cut shares of Rémy Cointreau (OTCMKTS:REMYY) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday, Zacks.com reports.

Rémy Cointreau Stock Performance

Rémy Cointreau stock opened at $7.06 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 0.40. The firm has a 50 day simple moving average of $7.86 and a 200-day simple moving average of $9.00. Rémy Cointreau has a 1-year low of $7.00 and a 1-year high of $14.32.

Rémy Cointreau Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Tuesday, July 23rd will be given a $0.2149 dividend. The ex-dividend date of this dividend is Tuesday, July 23rd.

About Rémy Cointreau

Rémy Cointreau SA, together with its subsidiaries, engages in the production, sale, and distribution of liqueurs and spirits. The company operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. It offers liqueurs, brandy, gin, single malt whisky, rum, wine, and champagne primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, Port Charlotte, Octomore, The Botanist, Westland, LOUIS XIII, and Domaine des Hautes Glaces brands.