Research analysts at StockNews.com began coverage on shares of Ambev (NYSE:ABEV - Get Free Report) in a research note issued to investors on Tuesday. The firm set a "buy" rating on the stock.
Ambev Price Performance
Ambev stock remained flat at $1.90 during mid-day trading on Tuesday. 10,209,136 shares of the company's stock were exchanged, compared to its average volume of 20,081,529. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. The stock has a market cap of $29.93 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 6.67 and a beta of 1.05. The stock's 50 day simple moving average is $2.20 and its 200 day simple moving average is $2.22. Ambev has a 12-month low of $1.88 and a 12-month high of $2.85.
Institutional Trading of Ambev
Several institutional investors have recently modified their holdings of ABEV. MCIA Inc acquired a new position in shares of Ambev in the third quarter valued at $25,000. HTLF Bank acquired a new position in shares of Ambev in the 3rd quarter valued at $26,000. Wealthstream Advisors Inc. acquired a new position in shares of Ambev in the 3rd quarter valued at $29,000. Riversedge Advisors LLC bought a new position in shares of Ambev during the 3rd quarter worth about $31,000. Finally, Foster Group Inc. acquired a new stake in shares of Ambev during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 8.13% of the company's stock.
Ambev Company Profile
(
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Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.
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