Heineken (OTCMKTS:HEINY) Shares Cross Above 50-Day Moving Average – Here’s Why

Heineken NV (OTCMKTS:HEINY) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $39.07 and traded as high as $40.2750. Heineken shares last traded at $39.50, with a volume of 56,310 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HEINY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Heineken in a report on Thursday, February 12th. Dbs Bank cut shares of Heineken from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. cut shares of Heineken from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 13th. Zacks Research cut shares of Heineken from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Heineken in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Heineken Trading Down 1.0%

The stock has a fifty day moving average price of $39.07 and a two-hundred day moving average price of $40.62. 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.