Heineken (OTCMKTS:HEINY) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Heineken NV (OTCMKTS:HEINY)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut Heineken from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft cut Heineken from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Citigroup restated a “buy” rating on shares of Heineken in a report on Thursday, February 12th. Dbs Bank cut Heineken from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 12th. Finally, Zacks Research cut Heineken from a “strong-buy” rating to a “hold” rating in a report on Monday, April 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’s stock. According to MarketBeat.com, Heineken has a consensus rating of “Moderate Buy”.

Heineken Price Performance

The business has a fifty day moving average of $39.06 and a 200 day moving average of $40.52. The company has a current ratio of 0.93, a quick ratio of 0.69 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.