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 Friday . The stock had previously closed at $61.65, but opened at $57.70. Coca-Cola HBC shares last traded at $57.65, with a volume of 677 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CCHGY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a research report on Wednesday. Zacks Research upgraded Coca-Cola HBC to a “hold” rating in a research report on Tuesday, September 8th. Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. BNP Paribas Exane lowered shares of Coca-Cola HBC to a “neutral” rating in a research note on Monday, August 10th. Finally, Investec lowered Coca-Cola HBC to a “hold” rating in a research report on Thursday, September 3rd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Coca-Cola HBC presently has an average rating of “Hold”.

Coca-Cola HBC Trading Down 7.9%

The firm has a fifty day moving average price of $63.65 and a two-hundred day moving average price of $60.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.19.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG is a consumer packaged goods company and one of The Coca-Cola Company’s strategic bottling partners. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite.

The company also offers a broader portfolio of products, including energy drinks such as Monster, bottled water, juices, ready-to-drink coffee and tea, and alcoholic beverages in selected markets.