Heineken (OTCMKTS:HEINY) Shares Break Below 200 Day Moving Average – Here’s What Happened

Heineken NV (OTCMKTS:HEINY) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $41.02 and traded as low as $40.00. Heineken shares last traded at $40.28, with a volume of 130,128 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Heineken in a research note on Wednesday, September 16th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Heineken in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Heineken currently has a consensus rating of “Hold”.

Heineken Stock Down 0.1%

The company has a quick ratio of 0.69, a current ratio of 0.93 and a debt-to-equity ratio of 0.79. The business has a 50 day moving average price of $42.61 and a 200-day moving average price of $41.01.

Heineken Company Profile

Heineken N.V. is a Netherlands-based brewing company with roots dating to 1864, when Gerard Adriaan Heineken acquired a brewery in Amsterdam. The company has grown into one of the world’s major brewers and operates a broad portfolio of international, regional and local beverage brands.

Its flagship Heineken brand is sold globally, alongside brands such as Amstel, Birra Moretti, Desperados, Sol and Tiger. Heineken also produces cider, including Strongbow in selected markets, as well as non-alcoholic and low-alcohol beverages such as Heineken 0.0.