Heineken (OTCMKTS:HEINY) Shares Gap Up – What’s Next?

Heineken NV (OTCMKTS:HEINY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $40.31, but opened at $41.58. Heineken shares last traded at $41.48, with a volume of 12,609 shares changing hands.

Wall Street Analyst Weigh In

HEINY has been the topic of several research analyst reports. JPMorgan Chase & Co. downgraded shares of Heineken from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft cut shares of Heineken from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Zacks Research downgraded shares of Heineken from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Heineken in a research note on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Heineken presently has a consensus rating of “Moderate Buy”.

Heineken Price Performance

The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 0.93. The firm has a fifty day simple moving average of $39.37 and a two-hundred day simple moving average of $40.53.

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.