Heineken (OTCMKTS:HEINY) Share Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Heineken shares fell below their 200-day moving average, trading as low as $41.36 before closing at $41.51.
• Analysts have recently upgraded Heineken's stock, with HSBC changing its rating from "hold" to "buy" and Berenberg Bank assigning a "strong-buy" rating.
• The company's debt-to-equity ratio stands at 0.62, while its quick and current ratios are 0.51 and 0.77, respectively.

Heineken NV (OTCMKTS:HEINY - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $41.94 and traded as low as $41.36. Heineken shares last traded at $41.51, with a volume of 293,711 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Hsbc Global Res raised shares of Heineken to a "strong-buy" rating in a report on Wednesday. HSBC raised shares of Heineken from a "hold" rating to a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy".

Heineken Trading Down 0.3%

The business's fifty day simple moving average is $44.18 and its 200-day simple moving average is $41.98. The company has a current ratio of 0.77, a quick ratio of 0.51 and a debt-to-equity ratio of 0.62.

Heineken Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.3258 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a 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.