Heineken (OTCMKTS:HEINY) Shares Pass Below 200-Day Moving Average – Here’s Why

Heineken (OTCMKTS:HEINY)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $41.51 and traded as low as $33.95. Heineken shares last traded at $34.05, with a volume of 300,830 shares.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft downgraded shares of Heineken from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th.

Heineken Price Performance

The company’s 50 day simple moving average is $35.90 and its 200 day simple moving average is $41.30. The company has a quick ratio of 0.52, a current ratio of 0.78 and a debt-to-equity ratio of 0.62.

About Heineken

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, Eastern Europe, and the Asia Pacific. The company provides soft drinks and water. It offers its beers under the Heineken, Heineken Light, Orchard Thieves, Orchard Thieves Light, Birra Moretti, Coors, Murphy's and Beamish Stouts, Desperados, Tiger, Sol, and Foster's brand, as well as under regional and local brands.