Coca-Cola HBC (OTCMKTS:CCHGY) Sees Large Volume Increase – Here’s Why
by Danessa Lincoln · The Markets DailyShares of Coca-Cola HBC (OTCMKTS:CCHGY – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 22,733 shares changed hands during mid-day trading, an increase of 187% from the previous session’s volume of 7,917 shares.The stock last traded at $56.4150 and had previously closed at $56.7250.
Analyst Upgrades and Downgrades
CCHGY has been the topic of a number of research reports. Morgan Stanley reissued an “overweight” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Citigroup reaffirmed a “neutral” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. Finally, Kepler Capital Markets cut shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Coca-Cola HBC currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on CCHGY
Coca-Cola HBC Trading Up 0.4%
The stock has a 50 day moving average of $59.41 and a 200 day moving average of $52.41. The company has a quick ratio of 0.99, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.
Coca-Cola HBC Company Profile
Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.
The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.