Coca-Cola HBC (OTCMKTS:CCHGY) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Coca-Cola HBC (OTCMKTS:CCHGY)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $49.95 and traded as high as $52.50. Coca-Cola HBC shares last traded at $52.48, with a volume of 3,324 shares changing hands.

Analyst Ratings Changes

Several research firms recently commented on CCHGY. Morgan Stanley assumed coverage on shares of Coca-Cola HBC in a research note on Thursday, October 2nd. They set an “overweight” rating for the company. Wall Street Zen lowered shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Coca-Cola HBC presently has an average rating of “Buy”.

Coca-Cola HBC Stock Performance

The company has a fifty day moving average of $50.07 and a 200-day moving average of $49.89. The company has a quick ratio of 0.92, a current ratio of 1.14 and a debt-to-equity ratio of 0.89.

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.