Heineken (OTCMKTS:HEINY) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Heineken NV (OTCMKTS:HEINY)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analyst Ratings Changes

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

Heineken Price Performance

The company has a quick ratio of 0.69, a current ratio of 0.93 and a debt-to-equity ratio of 0.79. The firm’s fifty day simple moving average is $42.44 and its 200-day simple moving average is $41.37.

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.