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

Key Points

• Heineken's share price has fallen below its 200-day moving average, trading at $39.27 compared to the average of $42.72.
• Analysts are generally optimistic, with a consensus rating of "Buy", driven by a recent upgrade to a "strong-buy" rating from HSBC.
• The company recently declared a dividend of $0.3258, despite facing financial pressures, resulting in a significant dividend yield of 207.0%.

Heineken NV (OTCMKTS:HEINY - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $42.72 and traded as low as $39.05. Heineken shares last traded at $39.27, with a volume of 46,565 shares trading hands.

Wall Street Analysts Forecast Growth

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

Heineken Stock Performance

The business's 50-day moving average is $41.68 and its two-hundred day moving average is $42.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.77 and a quick ratio of 0.51.

Heineken Cuts Dividend

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

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.

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