Heineken (OTCMKTS:HEINY) Shares Gap Down - Here's Why

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 share 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 Analyst Weigh In

HEINY has been the subject of a number of research analyst reports. HSBC raised Heineken from a "hold" rating to a "buy" rating in a research note on Wednesday. Hsbc Global Res upgraded Heineken to a "strong-buy" rating in a research note on Wednesday. Finally, Berenberg Bank upgraded Heineken to a "strong-buy" rating in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

Heineken Price Performance

The company has a quick ratio of 0.51, a current ratio of 0.77 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $44.27 and a two-hundred day simple moving average of $41.94.

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.