Heineken (OTCMKTS:HEINY) Sees Unusually-High Trading Volume – Should You Buy?

Heineken NV (OTCMKTS:HEINY) saw unusually-strong trading volume on Wednesday . Approximately 565,505 shares changed hands during trading, an increase of 386% from the previous session’s volume of 116,459 shares.The stock last traded at $42.08 and had previously closed at $42.00.

Analyst Upgrades and Downgrades

HEINY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Heineken in a research report on Thursday, August 6th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Heineken in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lowered Heineken from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Heineken currently has a consensus rating of “Hold”.

Heineken Price Performance

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’s 50 day moving average price is $43.11 and its 200 day moving average price is $41.55.

Hedge Funds Weigh In On Heineken

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Madison Asset Management LLC raised its holdings in shares of Heineken by 22.9% during the second quarter. Madison Asset Management LLC now owns 140,879 shares of the company’s stock worth $1,312,000 after purchasing an additional 26,226 shares during the last quarter. Ancora Advisors LLC acquired a new position in Heineken in the second quarter valued at approximately $1,585,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Heineken in the 2nd quarter worth approximately $2,916,000.

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.