Heineken (OTCMKTS:HEINY) Shares Gap Down – Here’s What Happened

Heineken NV (OTCMKTS:HEINY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $40.91, but opened at $38.9901. Heineken shares last traded at $39.36, with a volume of 1,665 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. BNP Paribas Exane cut Heineken from an “outperform” rating to a “hold” rating in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Heineken in a report on Thursday, February 12th. Dbs Bank lowered shares of Heineken from a “moderate buy” rating to a “hold” rating in a research report on Thursday, February 12th. Royal Bank Of Canada restated a “sector perform” rating on shares of Heineken in a report on Thursday, February 12th. Finally, Citigroup reaffirmed a “buy” rating on shares of Heineken in a research report on Thursday, February 12th. Four analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Heineken Stock Performance

The company has a debt-to-equity ratio of 0.79, a current ratio of 0.93 and a quick ratio of 0.69. The firm has a 50-day moving average price of $42.37 and a 200 day moving average price of $40.72.

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.