Compañía Cervecerías Unidas (NYSE:CCU) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Compañía Cervecerías Unidas S.A. (NYSE:CCU - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.15 and traded as high as $13.90. Compañía Cervecerías Unidas shares last traded at $13.88, with a volume of 80,468 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Scotiabank lowered Compañía Cervecerías Unidas from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Wall Street Zen downgraded shares of Compañía Cervecerías Unidas from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th.

Compañía Cervecerías Unidas Price Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06. The business has a 50 day moving average price of $14.81 and a 200-day moving average price of $13.16. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 2.69 and a beta of 0.74.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its holdings in shares of Compañía Cervecerías Unidas by 3,618.2% during the first quarter. Acadian Asset Management LLC now owns 211,714 shares of the company's stock valued at $3,213,000 after purchasing an additional 206,020 shares during the period. Jane Street Group LLC acquired a new position in Compañía Cervecerías Unidas during the first quarter worth $194,000. Goldman Sachs Group Inc. acquired a new position in Compañía Cervecerías Unidas during the first quarter worth $579,000. Cubist Systematic Strategies LLC acquired a new position in Compañía Cervecerías Unidas during the first quarter worth $379,000. Finally, Vident Advisory LLC raised its holdings in shares of Compañía Cervecerías Unidas by 52.0% in the 1st quarter. Vident Advisory LLC now owns 44,700 shares of the company's stock worth $679,000 after acquiring an additional 15,290 shares during the last quarter. Institutional investors and hedge funds own 24.07% of the company's stock.

Compañía Cervecerías Unidas Company Profile

Compañía Cervecerías Unidas SA operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through three segments: Chile, International Business, and Wine. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.