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 traded.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. BNP Paribas Exane lowered shares of Coca-Cola HBC to a “neutral” rating in a research note on Monday. Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a research note on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola HBC in a report on Thursday. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Coca-Cola HBC Stock Down 4.5%

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

Coca-Cola HBC Company Profile

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.