Pernod Ricard (OTCMKTS:PRNDY) Shares Down 4.8% – Here’s Why

Pernod Ricard SA (OTCMKTS:PRNDY)’s stock price traded down 4.8% during trading on Tuesday . The stock traded as low as $14.50 and last traded at $14.50. Approximately 37,845 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 677,381 shares. The stock had previously closed at $15.23.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Pernod Ricard from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Pernod Ricard Price Performance

The company’s 50 day moving average is $14.65 and its 200-day moving average is $16.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.33 and a quick ratio of 0.83.

Pernod Ricard Company Profile

Pernod Ricard SA produces and sells wines and spirits worldwide. The company offers whiskey, vodka, gin, rum, liqueur and bitters, champagne, tequila and mezcal, and aperitif under the brands 100 Pipers, Aberlour, Absolut, Absolut Elyx, Altos, ARARAT, Augier, Avion, Ballantine's, Becherovka, Beefeater, Blenders Pride, Brancott Estate, Campo Viejo, Ceder's, Chivas, Church Road, Clan Campbell, Del Maguey, George Wyndham, Green Spot, Havana Club, Imperial, Imperial Blue, Italicus, J.P. Wiser's, Jacob's Creek, Jameson, Jefferson's, Kahlúa, Kenwood, KI NO BI, Lillet, Long John, L'Orbe, Lot No.