Carlsberg AS (OTCMKTS:CABGY) Shares Gap Down - What's Next?

Key Points

• Carlsberg AS (OTCMKTS:CABGY)'s stock price **gapped down** from $25.48 to $23.29 before the market opened, indicating a **7.9% decline**.
• HSBC Global Research downgraded Carlsberg AS from a **"strong-buy"** rating to a **"hold"**, contributing to a mixed analyst sentiment with an average rating of **"Hold."**
• The company has a **quick ratio of 0.44** and a current ratio of 0.57, suggesting potential liquidity challenges amidst its stock price decline.

Carlsberg AS (OTCMKTS:CABGY - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $25.48, but opened at $23.29. Carlsberg AS shares last traded at $23.30, with a volume of 2,097 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res downgraded shares of Carlsberg AS from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold".

Carlsberg AS Price Performance

The company has a current ratio of 0.57, a quick ratio of 0.44 and a debt-to-equity ratio of 0.89. The firm's 50-day moving average price is $27.21 and its 200 day moving average price is $26.52.

Carlsberg AS Company Profile

Carlsberg A/S produces and sells beer and other beverage products in Denmark, China, the United Kingdom, and internationally. The company offers core, craft, and specialty beers; soft drinks; and alcohol-free brews under various brands. The company was founded in 1847 and is headquartered in Copenhagen, Denmark.