Heineken (OTCMKTS:HEINY) Stock Price Passes Below 200 Day Moving Average - Here's Why

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.

Shares of Heineken NV (OTCMKTS:HEINY - Get Free Report) 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 trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HEINY shares. HSBC raised Heineken from a "hold" rating to a "buy" rating in a report on Wednesday, July 30th. Hsbc Global Res raised Heineken to a "strong-buy" rating in a report on Wednesday, July 30th. Two investment 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 stock. According to data from MarketBeat, the company has an average rating of "Buy".

Heineken Stock Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.51 and a current ratio of 0.77. The stock has a 50-day moving average price of $42.36 and a 200 day moving average price of $42.83.

Heineken Cuts Dividend

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

Heineken Company Profile

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.