Heineken (OTCMKTS:HEINY) Shares Pass Below 200-Day Moving Average - Here's Why

Key Points

• Heineken's stock price has dropped below its 200-day moving average of $42.58, trading as low as $38.57 during recent trading sessions.
• Recent analyst ratings show a consensus of "Buy" for Heineken, with two upgrades to a "strong-buy" from HSBC and various hold ratings from other analysts.
• The company recently declared a dividend of $0.3258 per share, contributing to a high dividend yield of 207.0% for shareholders.

Heineken NV (OTCMKTS:HEINY - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.58 and traded as low as $38.57. Heineken shares last traded at $38.59, with a volume of 86,397 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HEINY. Hsbc Global Res upgraded shares of Heineken to a "strong-buy" rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Heineken in a report on Wednesday, September 10th. Finally, HSBC upgraded shares of Heineken from a "hold" rating to a "buy" rating in a report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock 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 stock has a fifty day moving average of $40.88 and a two-hundred day moving average of $42.54.

Heineken Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 11th were given a dividend of $0.3258 per share. The ex-dividend date of this dividend was 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.