Carlsberg AS (OTCMKTS:CABGY) Sees Large Volume Increase – Still a Buy?

Shares of Carlsberg AS (OTCMKTS:CABGY) saw unusually-strong trading volume on Tuesday . Approximately 324,615 shares changed hands during trading, an increase of 411% from the previous session’s volume of 63,533 shares.The stock last traded at $26.74 and had previously closed at $27.34.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CABGY shares. Zacks Research downgraded Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Berenberg Bank raised Carlsberg AS from a “hold” rating to a “buy” rating in a research note on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Carlsberg AS Stock Performance

The company has a fifty day moving average price of $26.00 and a 200-day moving average price of $26.68. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 2.00.

About Carlsberg AS

Carlsberg A/S is a Danish multinational brewer founded in 1847 and headquartered in Copenhagen. The company is primarily engaged in the brewing, marketing and distribution of beer, cider and related beverages. Its portfolio comprises global and regional beer brands, led by the Carlsberg and Tuborg names, alongside a range of local brands tailored to specific markets. Carlsberg also operates maltings and brewing facilities and provides packaging and logistics services that support its beverage operations.

Carlsberg sells products across Europe and Asia and maintains a presence in numerous other markets through wholly owned subsidiaries, joint ventures and export arrangements.