Pernod Ricard (OTCMKTS:PRNDY) Shares Gap Down – Time to Sell?

Pernod Ricard SA (OTCMKTS:PRNDY) shares gapped down before the market opened on Thursday . The stock had previously closed at $15.66, but opened at $14.5101. Pernod Ricard shares last traded at $14.53, with a volume of 25,061 shares.

Analysts Set New Price Targets

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

Pernod Ricard Stock Down 4.5%

The firm’s 50-day simple moving average is $15.18 and its 200-day simple moving average is $15.65. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.83 and a current ratio of 2.33.

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.