Heineken (OTCMKTS:HEINY) Shares Pass Below 200 Day Moving Average - Time to Sell?

Key Points

• Heineken shares have fallen below their 200-day moving average of $42.40, trading as low as $39.77, which raises concerns about selling pressure.
• HSBC has upgraded Heineken from a "hold" rating to a "buy" rating, contributing to an average analyst rating of "Buy."
• The company recently declared a dividend of $0.3258, resulting in a high dividend yield of 207.0%.

Heineken NV (OTCMKTS:HEINY - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $42.40 and traded as low as $39.77. Heineken shares last traded at $39.96, with a volume of 119,947 shares traded.

Analyst Ratings Changes

HEINY has been the topic of a number of recent research reports. HSBC upgraded Heineken from a "hold" rating to a "buy" rating in a research note on Wednesday, July 30th. Hsbc Global Res upgraded Heineken to a "strong-buy" rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Heineken presently 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 simple moving average of $43.13 and a 200 day simple moving average of $42.40.

Heineken Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, August 13th. Investors of record on Monday, August 11th were paid a $0.3258 dividend. 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.

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