Heineken (OTCMKTS:HEINY) Stock Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Heineken's shares recently fell below their 200-day moving average, hitting a low of $40.77, with the current trading price at $40.78.
• HSBC upgraded Heineken's stock rating from "hold" to "strong-buy", contributing to a consensus rating of "Buy" from analysts.
• The company announced a dividend payment of $0.3258 per share, with a yield of 207.0%, indicating its continued commitment to rewarding shareholders.

Heineken NV (OTCMKTS:HEINY - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.77 and traded as low as $40.77. Heineken shares last traded at $40.78, with a volume of 128,193 shares traded.

Analyst Ratings Changes

A number of brokerages have issued reports on HEINY. HSBC upgraded Heineken from a "hold" rating to a "buy" rating in a research note on Wednesday, July 30th. Hsbc Global Res raised Heineken to a "strong-buy" rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Heineken has an average rating of "Buy".

Heineken Price Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.77 and a quick ratio of 0.51. The firm has a fifty day simple moving average of $42.42 and a two-hundred day simple moving average of $42.77.

Heineken Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 11th were issued a $0.3258 dividend. The ex-dividend date was Friday, August 8th. This represents a yield of 207.0%.

About Heineken

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, Eastern Europe, and the Asia Pacific. The company provides soft drinks and water. It offers its beers under the Heineken, Heineken Light, Orchard Thieves, Orchard Thieves Light, Birra Moretti, Coors, Murphy's and Beamish Stouts, Desperados, Tiger, Sol, and Foster's brand, as well as under regional and local brands.