Coca-Cola HBC (OTCMKTS:CCHGY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Coca-Cola HBC (OTCMKTS:CCHGY) saw an uptick in trading volume on Tuesday . 31,854 shares traded hands during mid-day trading, an increase of 317% from the previous session’s volume of 7,639 shares.The stock last traded at $58.7950 and had previously closed at $57.24.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Investec downgraded shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, September 3rd. Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a research note on Wednesday, September 16th. BNP Paribas Exane downgraded Coca-Cola HBC to a “neutral” rating in a report on Monday, August 10th. Finally, Zacks Research raised Coca-Cola HBC to a “hold” rating in a research report on Tuesday, September 8th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Coca-Cola HBC presently has an average rating of “Hold”.

Coca-Cola HBC Trading Down 1.7%

The company has a quick ratio of 0.99, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a fifty day moving average of $62.98 and a 200 day moving average of $60.82.

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.