Coca-Cola HBC (OTCMKTS:CCHGY) Stock Price Down 7.3% – Should You Sell?

Coca-Cola HBC (OTCMKTS:CCHGY)’s stock price dropped 7.3% during trading on Monday . The stock traded as low as $57.16 and last traded at $57.16. 127 shares were traded during trading, a decline of 98% from the average daily volume of 7,664 shares. The stock had previously closed at $61.65.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CCHGY shares. Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola HBC in a research report on Wednesday, September 16th. Investec downgraded Coca-Cola HBC to a “hold” rating in a report on Thursday, September 3rd. Zacks Research raised Coca-Cola HBC to a “hold” rating in a research report on Tuesday, September 8th. Finally, BNP Paribas Exane cut Coca-Cola HBC to a “neutral” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola HBC has a consensus rating of “Hold”.

Coca-Cola HBC Stock Up 3.0%

The firm’s 50-day moving average is $63.14 and its 200 day moving average is $60.84. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99.

About Coca-Cola HBC

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.