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

Heineken NV (OTCMKTS:HEINYGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $38.33, but opened at $39.96. Heineken shares last traded at $40.09, with a volume of 2,378 shares trading hands.

Analyst Ratings Changes

HEINY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft downgraded Heineken from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. downgraded Heineken from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 13th. Citigroup restated a “buy” rating on shares of Heineken in a research report on Thursday, February 12th. Dbs Bank cut shares of Heineken from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, Zacks Research cut shares of Heineken from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Report on HEINY

Heineken Stock Up 2.5%

The company has a 50 day moving average of $39.21 and a two-hundred day moving average of $40.52. The company has a quick ratio of 0.69, a current ratio of 0.93 and a debt-to-equity ratio of 0.79.

About Heineken

(Get Free Report)

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.

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