Coca-Cola HBC (OTCMKTS:CCHGY) Shares Gap Down – Here’s What Happened
by Scott Moore · The Cerbat GemShares of Coca-Cola HBC (OTCMKTS:CCHGY – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $60.12, but opened at $57.6755. Coca-Cola HBC shares last traded at $57.6755, with a volume of 448 shares.
Analysts Set New Price Targets
CCHGY has been the subject of several recent analyst reports. Kepler Capital Markets lowered shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Morgan Stanley reissued an “overweight” rating on shares of Coca-Cola HBC in a report on Wednesday, February 11th. Finally, Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Get Our Latest Research Report on CCHGY
Coca-Cola HBC Stock Down 2.1%
The company’s fifty day moving average price is $60.16 and its 200 day moving average price is $53.56. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99.
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.