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

Heineken logo with Consumer Staples background

Shares of Heineken NV (OTCMKTS:HEINY - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $42.80 and traded as low as $39.28. Heineken shares last traded at $39.49, with a volume of 93,647 shares.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. HSBC raised Heineken from a "hold" rating to a "buy" rating in a research report on Wednesday, July 30th. Hsbc Global Res raised Heineken to a "strong-buy" rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Get Our Latest Stock Analysis on HEINY

Heineken Trading Up 0.1%

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 fifty day moving average price of $41.99 and a 200 day moving average price of $42.75.

Heineken Cuts Dividend

The firm also recently announced 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 of this dividend was Friday, August 8th. This represents a yield of 207.0%.

Heineken Company Profile

(Get Free Report)

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.

Further Reading

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