Heineken (OTCMKTS:HEINY) Sets New 52-Week Low – Here’s What Happened

Heineken NV (OTCMKTS:HEINY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $37.81 and last traded at $38.19, with a volume of 92737 shares traded. The stock had previously closed at $38.01.

Analysts Set New Price Targets

Several brokerages have recently commented on HEINY. BNP Paribas Exane downgraded Heineken from an “outperform” rating to a “hold” rating in a report on Monday, January 12th. Citigroup reissued a “buy” rating on shares of Heineken in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Heineken in a report on Thursday, February 12th. Oddo Bhf lowered shares of Heineken to a “neutral” rating in a research note on Monday, January 26th. Finally, Dbs Bank cut shares of Heineken from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 12th. Four equities research 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’s stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Heineken Stock Up 0.5%

The stock has a fifty day moving average price of $42.23 and a 200-day moving average price of $40.67. The company has a quick ratio of 0.69, a current ratio of 0.93 and a debt-to-equity ratio of 0.79.

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.