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

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) crossed 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.

Analyst Ratings Changes

HEINY has been the subject of a number of research analyst reports. Hsbc Global Res raised shares of Heineken to a "strong-buy" rating in a report on Wednesday, July 30th. HSBC raised shares of Heineken from a "hold" rating to a "buy" rating in a 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 given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy".

Heineken Price Performance

The stock's fifty day simple moving average is $42.71 and its 200-day simple moving average is $42.56. The company has a quick ratio of 0.51, a current ratio of 0.77 and a debt-to-equity ratio of 0.62.

Heineken Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, August 13th. Investors of record on Monday, August 11th were issued a dividend of $0.3258 per share. This represents a dividend yield of 207.0%. The ex-dividend date of this dividend was Friday, August 8th.

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.