Heineken (OTCMKTS:HEINY) Shares Cross Below 200-Day Moving Average – What’s Next?

Heineken NV (OTCMKTS:HEINY) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $40.52 and traded as low as $38.40. Heineken shares last traded at $38.42, with a volume of 251,648 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Zacks Research cut Heineken from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. JPMorgan Chase & Co. cut Heineken from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 13th. Dbs Bank cut Heineken from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft cut Heineken from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Heineken in a report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Heineken Trading Up 1.2%

The company has a current ratio of 0.93, a quick ratio of 0.69 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average price of $39.06 and a two-hundred day moving average price of $40.52.

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.