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

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) 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.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CCHGY. Wall Street Zen raised Coca-Cola HBC from a “hold” rating to a “buy” rating in a report on Tuesday, November 18th. Morgan Stanley assumed coverage on shares of Coca-Cola HBC in a research note on Thursday, October 2nd. They set an “overweight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Coca-Cola HBC Stock Down 2.4%

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 firm has a 50 day moving average of $48.89 and a 200 day moving average of $49.88.

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.