Heineken (OTCMKTS:HEINY) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Heineken NV (OTCMKTS:HEINY)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $42.14 and traded as low as $40.65. Heineken shares last traded at $40.84, with a volume of 41,185 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently commented on HEINY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Heineken in a report on Wednesday, September 10th. Hsbc Global Res upgraded Heineken to a “strong-buy” rating in a report on Wednesday, July 30th. Finally, HSBC upgraded Heineken from a “hold” rating to a “buy” rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Heineken Trading Down 1.4%

The firm has a fifty day moving average of $39.51 and a 200-day moving average of $42.14.

Heineken Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, August 13th. Investors of record on Monday, August 11th were issued a dividend of $0.3258 per share. This represents a yield of 207.0%. The ex-dividend date was Friday, August 8th.

About Heineken

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, Eastern Europe, and the Asia Pacific. The company provides soft drinks and water. It offers its beers under the Heineken, Heineken Light, Orchard Thieves, Orchard Thieves Light, Birra Moretti, Coors, Murphy's and Beamish Stouts, Desperados, Tiger, Sol, and Foster's brand, as well as under regional and local brands.