Heineken (OTCMKTS:HEINY) Shares Gap Up – Time to Buy?

Heineken NV (OTCMKTS:HEINY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $40.31, but opened at $41.58. Heineken shares last traded at $41.48, with a volume of 12,609 shares.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HEINY. JPMorgan Chase & Co. cut shares of Heineken from an “overweight” rating to a “neutral” rating in a research report on Wednesday, May 13th. Zacks Research cut Heineken from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Royal Bank Of Canada restated a “sector perform” rating on shares of Heineken in a research report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft lowered Heineken from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Heineken Trading Up 2.8%

The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 0.93. The stock’s 50-day simple moving average is $39.37 and its two-hundred day simple moving average is $40.53.

Heineken Company Profile

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.