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

Heineken NV (OTCMKTS:HEINY) gapped up before the market opened on Tuesday . The stock had previously closed at $40.31, but opened at $41.58. Heineken shares last traded at $41.48, with a volume of 12,609 shares.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered Heineken from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft downgraded Heineken from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Heineken in a research report on Monday, April 27th. Finally, Zacks Research lowered 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Heineken Trading Up 2.6%

The company has a current ratio of 0.93, a quick ratio of 0.69 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average is $39.45 and its 200 day moving average is $40.55.

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.