Pernod Ricard (OTCMKTS:PRNDY) Sees Large Volume Increase – Here’s Why

Pernod Ricard SA (OTCMKTS:PRNDY) saw unusually-strong trading volume on Wednesday . Approximately 1,595,023 shares traded hands during mid-day trading, an increase of 129% from the previous session’s volume of 697,620 shares.The stock last traded at $13.47 and had previously closed at $13.81.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Pernod Ricard from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Pernod Ricard has an average rating of “Hold”.

Pernod Ricard Stock Performance

The company has a quick ratio of 0.83, a current ratio of 2.33 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $14.99 and a two-hundred day simple moving average of $14.96.

About Pernod Ricard

Pernod Ricard is a France-based producer and distributor of wines and spirits. The company’s portfolio includes internationally recognized brands such as Absolut vodka, Jameson Irish whiskey, Chivas Regal, Ballantine’s and The Glenlivet Scotch whiskies, Martell cognac, Havana Club rum, Beefeater gin, Malibu, Mumm and Perrier-Jouët champagne, and Ricard anise-flavored aperitif.

The company sells its products through a broad global distribution network serving markets across Europe, North and South America, Asia-Pacific, Africa and other regions.