Heineken (OTCMKTS:HEINY) Sees Large Volume Increase – Here’s What Happened

Shares of Heineken NV (OTCMKTS:HEINY) saw unusually-strong trading volume on Thursday . Approximately 590,365 shares changed hands during trading, an increase of 194% from the previous session’s volume of 200,850 shares.The stock last traded at $40.93 and had previously closed at $40.17.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HEINY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Heineken in a research note on Tuesday, January 6th. UBS Group upgraded Heineken to a “strong-buy” rating in a report on Monday, October 27th. Oddo Bhf cut Heineken to a “neutral” rating in a report on Monday. Finally, BNP Paribas Exane cut Heineken from an “outperform” rating to a “hold” rating in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Heineken Trading Up 2.5%

The stock’s 50-day simple moving average is $40.16 and its 200-day simple moving average is $40.25. The company has a current ratio of 0.75, a quick ratio of 0.51 and a debt-to-equity ratio of 0.67.

About Heineken

Heineken N.V. is a global brewing company best known for its flagship Heineken lager and a diversified portfolio of international and local beer brands. The company’s activities span brewing, marketing and distribution of beer and cider products, serving on‑trade and off‑trade channels as well as e‑commerce. Heineken combines global brand management with local production through a network of owned breweries, joint ventures and licensed partners to reach consumers across different markets.

Founded in Amsterdam in 1864 by Gerard Adriaan Heineken, the company has grown into one of the world’s largest brewers.