Coca-Cola HBC (OTCMKTS:CCHGY) Shares Down 17.7% – Time to Sell?

Coca-Cola HBC (OTCMKTS:CCHGY) traded down 17.7% during mid-day trading on Friday. The stock traded as low as $54.57 and last traded at $55.14. Approximately 5,452 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 8,268 shares. The stock had previously closed at $67.01.

Analyst Ratings Changes

Several brokerages have issued reports on CCHGY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a research report on Wednesday, September 16th. BNP Paribas Exane downgraded Coca-Cola HBC to a “neutral” rating in a report on Monday, August 10th. Investec lowered Coca-Cola HBC to a “hold” rating in a research note on Thursday, September 3rd. Finally, Zacks Research upgraded Coca-Cola HBC to a “hold” rating in a report on Tuesday, September 8th. Two equities 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 stock presently has an average rating of “Hold”.

Coca-Cola HBC Stock Up 2.3%

The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The business has a fifty day moving average of $59.80 and a 200-day moving average of $60.37.

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.