Coca-Cola HBC (OTCMKTS:CCHGY) Shares Gap Down – Here’s What Happened
by Mitch Edgeman · The Markets DailyCoca-Cola HBC (OTCMKTS:CCHGY – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $51.56, but opened at $49.81. Coca-Cola HBC shares last traded at $49.81, with a volume of 190 shares trading hands.
Analyst Ratings Changes
CCHGY has been the subject of a number of research reports. Morgan Stanley initiated coverage on shares of Coca-Cola HBC in a report on Thursday, October 2nd. They issued an “overweight” rating for the company. Wall Street Zen raised Coca-Cola HBC from a “hold” rating to a “buy” rating in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.
Get Our Latest Stock Report on Coca-Cola HBC
Coca-Cola HBC Stock Performance
The business has a fifty day simple moving average of $48.89 and a two-hundred day simple moving average of $49.88. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 0.92.
About Coca-Cola HBC
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.