Carlsberg AS (OTCMKTS:CABGY) Stock Price Down 4.4% - Time to Sell?

Key Points

• Carlsberg AS shares fell 4.4% during mid-day trading, reaching a low of $26.41 with a trading volume that was 48% lower than the average.
• Analysts have mixed ratings for the stock, with one sell rating, two hold ratings, one buy rating, and one strong buy rating, leading to an average rating of "hold."
• The company's 50-day and 200-day moving averages stand at $28.32 and $25.99 respectively, indicating potential volatility in its stock performance.

Carlsberg AS (OTCMKTS:CABGY - Get Free Report)'s stock price was down 4.4% on Monday . The stock traded as low as $26.41 and last traded at $26.48. Approximately 27,028 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 52,036 shares. The stock had previously closed at $27.70.

Wall Street Analyst Weigh In

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

Carlsberg AS Stock Performance

The business's 50 day moving average price is $28.14 and its 200 day moving average price is $26.03. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.44 and a current ratio of 0.57.

About Carlsberg AS

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.