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

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) gapped down before the market opened on Monday . The stock had previously closed at $66.9310, but opened at $64.06. Coca-Cola HBC shares last traded at $63.93, with a volume of 573 shares changing hands.

Analyst Upgrades and Downgrades

CCHGY has been the subject of a number of recent analyst reports. BNP Paribas Exane cut shares of Coca-Cola HBC to a “neutral” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a research note on Thursday. Finally, Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Coca-Cola HBC has a consensus rating of “Hold”.

Coca-Cola HBC Stock Performance

The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.19. The business has a 50-day moving average price of $63.88 and a 200-day moving average price of $60.46.

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.