Ambev (NYSE:ABEV) Shares Gap Down – Should You Sell?

Ambev S.A. (NYSE:ABEV)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $2.15, but opened at $2.07. Ambev shares last traded at $2.10, with a volume of 5,201,347 shares traded.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Ambev in a research report on Friday, October 18th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ambev currently has an average rating of “Moderate Buy” and an average target price of $2.70.

Ambev Trading Down 0.9 %

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The stock has a market cap of $33.56 billion, a PE ratio of 11.94, a PEG ratio of 6.69 and a beta of 1.06. The stock has a fifty day moving average price of $2.28 and a 200 day moving average price of $2.24.

Institutional Trading of Ambev

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MCIA Inc bought a new position in shares of Ambev in the third quarter worth about $25,000. HTLF Bank purchased a new stake in shares of Ambev during the 3rd quarter valued at $26,000. Wealthstream Advisors Inc. purchased a new stake in Ambev in the third quarter valued at about $29,000. Riversedge Advisors LLC acquired a new stake in Ambev in the 3rd quarter worth approximately $31,000. Finally, Foster Group Inc. acquired a new stake in shares of Ambev during the third quarter worth $33,000. 8.13% of the stock is owned by hedge funds and other institutional investors.

About Ambev

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.