Coca-Cola HBC (OTCMKTS:CCHGY) Shares Gap Down – What’s Next?

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) gapped down prior to trading on Thursday. The stock had previously closed at $64.90, but opened at $56.89. Coca-Cola HBC shares last traded at $57.33, with a volume of 2,926 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CCHGY shares. Zacks Research raised shares of Coca-Cola HBC to a “hold” rating in a research report on Tuesday, September 8th. BNP Paribas Exane lowered Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola HBC in a report on Wednesday, September 16th. Finally, Investec downgraded Coca-Cola HBC to a “hold” rating in a research report on Thursday, September 3rd. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Coca-Cola HBC Stock Performance

The firm has a 50-day moving average of $59.96 and a 200 day moving average of $60.36. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.18 and a current ratio of 1.37.

About Coca-Cola HBC

Coca-Cola HBC AG is a Switzerland-based beverage bottler and one of the largest bottling partners of The Coca-Cola Company. The company manufactures, distributes and sells a broad portfolio of non-alcoholic beverages, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite, as well as water, juices, energy drinks, sports drinks, ready-to-drink coffee and alcoholic beverages in selected markets. Its portfolio also includes brands such as Schweppes, Monster Energy, Costa Coffee and Cappy, depending on local distribution rights.

Coca-Cola HBC serves customers across 29 countries in Europe, Africa and emerging markets.