Heineken (OTCMKTS:HEINY) Shares Cross Above 200-Day Moving Average – Should You Sell?

Heineken NV (OTCMKTS:HEINY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

HEINY has been the subject of a number of research analyst reports. Zacks Research cut shares of Heineken from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft lowered Heineken from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. cut Heineken from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Heineken in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Heineken Price Performance

The company’s 50 day simple moving average is $39.35 and its 200 day simple moving average is $40.54. The company has a quick ratio of 0.69, a current ratio of 0.93 and a debt-to-equity ratio of 0.79.

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.