Heineken (OTCMKTS:HEINY) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Heineken NV (OTCMKTS:HEINY)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.45 and traded as low as $39.35. Heineken shares last traded at $39.47, with a volume of 74,775 shares traded.

Analysts Set New Price Targets

Several equities analysts have weighed in on HEINY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Heineken in a research report on Tuesday, January 6th. UBS Group raised Heineken to a “strong-buy” rating in a research report on Monday, October 27th. Finally, BNP Paribas Exane lowered Heineken from an “outperform” rating to a “hold” rating in a research report on Monday, January 12th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Heineken currently has a consensus rating of “Buy”.

Heineken Stock Performance

The company has a fifty day simple moving average of $40.22 and a two-hundred day simple moving average of $40.40. 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.