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

Coca-Cola HBC (OTCMKTS:CCHGY)’s share 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 changing hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley assumed coverage on Coca-Cola HBC in a research report on Thursday, October 2nd. They set an “overweight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Coca-Cola HBC presently has a consensus rating of “Buy”.

Coca-Cola HBC Trading Down 0.1%

The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 1.14. The company’s 50-day simple moving average is $49.04 and its 200-day simple moving average is $49.85.

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.