Heineken (OTCMKTS:HEINY) Hits New 1-Year Low – What’s Next?

Heineken NV (OTCMKTS:HEINY) shares hit a new 52-week low on Thursday . The company traded as low as $37.81 and last traded at $38.19, with a volume of 92737 shares changing hands. The stock had previously closed at $38.01.

Wall Street Analyst Weigh In

Several research firms recently commented on HEINY. Oddo Bhf cut shares of Heineken to a “neutral” rating in a report on Monday, January 26th. BNP Paribas Exane lowered shares of Heineken from an “outperform” rating to a “hold” rating in a research note on Monday, January 12th. Citigroup reiterated a “buy” rating on shares of Heineken in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Heineken in a research note on Thursday, February 12th. Finally, Dbs Bank cut shares of Heineken from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 12th. Four equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Heineken Price Performance

The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 0.93. The stock has a 50 day moving average price of $42.23 and a two-hundred day moving average price of $40.67.

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.