Carlsberg AS (OTCMKTS:CABGY) Sees Strong Trading Volume – Time to Buy?

Carlsberg AS (OTCMKTS:CABGY) saw an uptick in trading volume on Wednesday . 117,161 shares were traded during trading, an increase of 72% from the previous session’s volume of 68,010 shares.The stock last traded at $25.8550 and had previously closed at $26.19.

Analyst Ratings Changes

Several research firms have weighed in on CABGY. Berenberg Bank raised Carlsberg AS from a “hold” rating to a “buy” rating in a research note on Monday, March 16th. Zacks Research cut shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. 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. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Carlsberg AS Price Performance

The company has a 50 day moving average of $26.06 and a 200 day moving average of $26.77. The company has a quick ratio of 0.46, a current ratio of 0.60 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.