Heineken (OTCMKTS:HEINY) Sees Large Volume Increase – Here’s What Happened

Heineken NV (OTCMKTS:HEINY) shares saw unusually-strong trading volume on Friday . 119,712 shares were traded during trading, an increase of 8% from the previous session’s volume of 111,245 shares.The stock last traded at $43.34 and had previously closed at $42.74.

Analysts Set New Price Targets

Several research firms recently issued reports on HEINY. Deutsche Bank Aktiengesellschaft lowered shares of Heineken from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Heineken in a report on Monday, April 27th. Zacks Research lowered Heineken from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. downgraded Heineken from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Heineken Trading Up 1.7%

The stock’s 50-day moving average price is $40.14 and its 200-day moving average price is $40.74. The company has a current ratio of 0.93, a quick ratio of 0.69 and a debt-to-equity ratio of 0.79.

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.