Heineken (OTCMKTS:HEINY) Sees Unusually-High Trading Volume – Here’s What Happened

Heineken NV (OTCMKTS:HEINY) shares saw an uptick in trading volume on Thursday . 590,365 shares were traded during mid-day trading, an increase of 194% from the previous session’s volume of 200,850 shares.The stock last traded at $40.93 and had previously closed at $40.17.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. BNP Paribas Exane downgraded shares of Heineken from an “outperform” rating to a “hold” rating in a research report on Monday, January 12th. UBS Group raised Heineken to a “strong-buy” rating in a research report on Monday, October 27th. Oddo Bhf cut shares of Heineken to a “neutral” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Heineken in a report on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Heineken Price Performance

The firm has a fifty day moving average price of $40.20 and a 200 day moving average price of $40.23. The company has a current ratio of 0.75, a quick ratio of 0.51 and a debt-to-equity ratio of 0.67.

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.