Carlsberg AS (OTCMKTS:CABGY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Carlsberg AS (OTCMKTS:CABGY) saw an uptick in trading volume on Tuesday . 83,074 shares traded hands during mid-day trading, an increase of 28% from the previous session’s volume of 65,123 shares.The stock last traded at $26.32 and had previously closed at $26.6150.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CABGY shares. Berenberg Bank upgraded Carlsberg AS from a “hold” rating to a “buy” rating in a research report on Monday, March 16th. Zacks Research downgraded shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carlsberg AS presently has a consensus rating of “Buy”.

Carlsberg AS Price Performance

The company has a debt-to-equity ratio of 2.00, a current ratio of 0.60 and a quick ratio of 0.46. The firm’s fifty day moving average price is $26.26 and its 200-day moving average price is $26.53.

About Carlsberg AS

Carlsberg A/S is a Danish multinational brewer founded in 1847 and headquartered in Copenhagen. The company is primarily engaged in the brewing, marketing and distribution of beer, cider and related beverages. Its portfolio comprises global and regional beer brands, led by the Carlsberg and Tuborg names, alongside a range of local brands tailored to specific markets. Carlsberg also operates maltings and brewing facilities and provides packaging and logistics services that support its beverage operations.

Carlsberg sells products across Europe and Asia and maintains a presence in numerous other markets through wholly owned subsidiaries, joint ventures and export arrangements.