Heineken (OTCMKTS:HEINY) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Heineken NV (OTCMKTS:HEINY)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $40.54 and traded as high as $40.65. Heineken shares last traded at $40.44, with a volume of 61,153 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HEINY. JPMorgan Chase & Co. lowered Heineken from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research downgraded shares of Heineken from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Heineken in a report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Heineken from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Heineken Price Performance

The company has a quick ratio of 0.69, a current ratio of 0.93 and a debt-to-equity ratio of 0.79. The stock has a fifty day moving average price of $39.36 and a 200-day moving average price of $40.54.

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.