Heineken (OTCMKTS:HEINY) Shares Cross Above 200 Day Moving Average – What’s Next?

Heineken NV (OTCMKTS:HEINY)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.37 and traded as high as $45.17. Heineken shares last traded at $44.90, with a volume of 25,143 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. cut Heineken from an “overweight” rating to a “neutral” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Heineken in a report on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Heineken in a research report on Monday, April 27th. Finally, Zacks Research lowered Heineken from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Heineken currently has an average rating of “Hold”.

Heineken Trading Down 0.7%

The company has a current ratio of 0.93, a quick ratio of 0.69 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average price of $42.44 and a two-hundred day moving average price of $41.37.

About Heineken

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.