Carlsberg AS (OTCMKTS:CABGY) Shares Gap Down – Should You Sell?

Carlsberg AS (OTCMKTS:CABGY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $28.01, but opened at $26.8501. Carlsberg AS shares last traded at $27.3355, with a volume of 1,700 shares traded.

Analyst Ratings Changes

Several brokerages have issued reports on CABGY. Berenberg Bank upgraded Carlsberg AS from a “hold” rating to a “buy” rating in a report on Monday, March 16th. Zacks Research cut Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Carlsberg AS currently has an average rating of “Buy”.

Carlsberg AS Stock Down 2.2%

The firm has a 50-day moving average price of $26.01 and a two-hundred day moving average price of $26.74. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 2.00.

About Carlsberg AS

Carlsberg A/S is a Danish multinational brewer founded in 1847 and headquartered in Copenhagen. The company is primarily engaged in the brewing, marketing and distribution of beer, cider and related beverages. Its portfolio comprises global and regional beer brands, led by the Carlsberg and Tuborg names, alongside a range of local brands tailored to specific markets. Carlsberg also operates maltings and brewing facilities and provides packaging and logistics services that support its beverage operations.

Carlsberg sells products across Europe and Asia and maintains a presence in numerous other markets through wholly owned subsidiaries, joint ventures and export arrangements.