Heineken (OTCMKTS:HEINY) Shares Gap Down – Time to Sell?

Heineken NV (OTCMKTS:HEINY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $40.85, but opened at $39.09. Heineken shares last traded at $39.13, with a volume of 17,799 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HEINY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Heineken in a research report on Tuesday, January 6th. UBS Group raised shares of Heineken to a “strong-buy” rating in a research note on Monday, October 27th. Finally, BNP Paribas lowered shares of Heineken from an “outperform” rating to a “neutral” rating in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Heineken Stock Down 4.5%

The company has a debt-to-equity ratio of 0.67, a current ratio of 0.75 and a quick ratio of 0.51. The business’s fifty day moving average is $40.33 and its 200-day moving average is $40.65.

Heineken Company Profile

Heineken N.V. is a global brewing company best known for its flagship Heineken lager and a diversified portfolio of international and local beer brands. The company’s activities span brewing, marketing and distribution of beer and cider products, serving on‑trade and off‑trade channels as well as e‑commerce. Heineken combines global brand management with local production through a network of owned breweries, joint ventures and licensed partners to reach consumers across different markets.

Founded in Amsterdam in 1864 by Gerard Adriaan Heineken, the company has grown into one of the world’s largest brewers.