Heineken (OTCMKTS:HEINY) Shares Gap Down – Here’s What Happened

Shares of Heineken NV (OTCMKTS:HEINYGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $41.26, but opened at $39.41. Heineken shares last traded at $39.0935, with a volume of 3,126 shares.

Analyst Upgrades and Downgrades

HEINY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft downgraded Heineken from a “buy” rating to a “hold” rating in a research note on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Heineken in a research note on Monday, April 27th. Dbs Bank downgraded Heineken from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 12th. Zacks Research downgraded Heineken from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. downgraded Heineken from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Read Our Latest Report on HEINY

Heineken Price Performance

The firm has a 50 day moving average price of $39.07 and a 200 day moving average price of $40.63. 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

(Get Free Report)

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.

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