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

Coca-Cola HBC (OTCMKTS:CCHGY) gapped up before the market opened 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 traded.

Wall Street Analyst Weigh In

A number of research firms recently commented on CCHGY. Morgan Stanley assumed coverage on Coca-Cola HBC in a research note on Thursday, October 2nd. They issued an “overweight” rating on the stock. Wall Street Zen lowered Coca-Cola HBC from a “buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Coca-Cola HBC has a consensus rating of “Buy”.

Coca-Cola HBC Stock Up 5.3%

The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 0.92. The firm’s 50 day simple moving average is $49.12 and its two-hundred day simple moving average is $49.85.

About Coca-Cola HBC

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.