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

Heineken (OTCMKTS:HEINY)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $35.72 and last traded at $35.73, with a volume of 191485 shares. The stock had previously closed at $36.55.

Wall Street Analysts Forecast Growth

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

Heineken Stock Performance

The company’s 50 day moving average price is $38.88 and its 200-day moving average price is $43.83.

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.