Coca-Cola HBC (OTCMKTS:CCHGY) Shares Gap Up – Should You Buy?

Coca-Cola HBC (OTCMKTS:CCHGY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $49.8780, but opened at $52.05. Coca-Cola HBC shares last traded at $52.21, with a volume of 375 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CCHGY shares. Wall Street Zen downgraded shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley began coverage on shares of Coca-Cola HBC in a report on Thursday, October 2nd. They set an “overweight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Coca-Cola HBC Stock Performance

The stock’s 50 day moving average price is $49.42 and its two-hundred day moving average price is $49.89. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 1.14.

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.