Heineken (OTCMKTS:HEINY) Shares Gap Down - Should You Sell?

Key Points

• Heineken's stock gapped down significantly from a previous close of $45.53 to open at $41.81, marking an 8.9% decline.
• Berenberg Bank has upgraded Heineken's rating to "strong-buy", indicating a potential for future growth despite the recent decline in stock price.
• The company is facing liquidity challenges, as evidenced by a current ratio of 0.77 and a quick ratio of 0.51.

Heineken NV (OTCMKTS:HEINY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $45.53, but opened at $41.81. Heineken shares last traded at $41.57, with a volume of 19,087 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised Heineken to a "strong-buy" rating in a research note on Wednesday, April 2nd.

Heineken Trading Down 8.9%

The company has a current ratio of 0.77, a quick ratio of 0.51 and a debt-to-equity ratio of 0.62. The firm has a 50-day simple moving average of $44.41 and a 200-day simple moving average of $41.88.

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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