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

Key Points

• Heineken's stock price dropped below its 200-day moving average of $42.19, trading as low as $39.83 during Thursday's session.
• Analysts have upgraded Heineken's rating, with HSBC raising it from "hold" to "buy" and two analysts assigning a "strong buy" rating.
• The company announced a dividend of $0.3258 per share, which is set to yield 207.0% for shareholders on record as of August 11th.

Heineken NV (OTCMKTS:HEINY - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.19 and traded as low as $39.83. Heineken shares last traded at $39.99, with a volume of 93,479 shares.

Wall Street Analysts Forecast Growth

HEINY has been the subject of several research analyst 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 given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy".

Heineken Price Performance

The business's 50 day simple moving average is $43.57 and its 200 day simple moving average is $42.37. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.51 and a current ratio of 0.77.

Heineken Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Monday, August 11th will be given 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%.

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.