Heineken (OTCMKTS:HEINY) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Heineken (OTCMKTS:HEINY) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.77 and traded as low as $35.18. Heineken shares last traded at $35.27, with a volume of 173,193 shares trading hands.

Analysts Set New Price Targets

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

Heineken Stock Down 0.3 %

The business has a fifty day moving average of $37.54 and a 200 day moving average of $42.77.

Heineken Company Profile

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.