Heineken (OTCMKTS:HEINY) Hits New 1-Year Low – Time to Sell?

Heineken NV (OTCMKTS:HEINY) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $37.98 and last traded at $38.12, with a volume of 58085 shares changing hands. The stock had previously closed at $39.0175.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Oddo Bhf lowered Heineken to a “neutral” rating in a research report on Monday, January 26th. Zacks Research upgraded Heineken from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 26th. Citigroup reiterated a “buy” rating on shares of Heineken in a report on Thursday, February 12th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Heineken in a research report on Thursday, February 12th. Finally, Dbs Bank cut shares of Heineken from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 12th. Four investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Heineken Trading Down 2.0%

The company has a 50 day moving average of $42.29 and a two-hundred day moving average of $40.69. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 0.93.

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.