Coca-Cola HBC (OTCMKTS:CCHGY) Sees Large Volume Increase – Here’s What Happened

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) saw strong trading volume on Thursday . 56,956 shares traded hands during trading, an increase of 744% from the previous session’s volume of 6,749 shares.The stock last traded at $60.32 and had previously closed at $61.36.

Analyst Ratings Changes

CCHGY has been the subject of several research reports. Kepler Capital Markets cut shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Coca-Cola HBC Stock Down 1.8%

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 business’s 50-day moving average price is $56.82 and its 200-day moving average price is $51.44.

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.