Coca-Cola HBC (OTCMKTS:CCHGY) Sees Unusually-High Trading Volume – Should You Buy?

Coca-Cola HBC (OTCMKTS:CCHGY) saw unusually-high trading volume on Friday . Approximately 18,245 shares were traded during mid-day trading, an increase of 203% from the previous session’s volume of 6,014 shares.The stock last traded at $54.4054 and had previously closed at $54.67.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. Morgan Stanley started coverage on shares of Coca-Cola HBC in a research report on Thursday, October 2nd. They set an “overweight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Coca-Cola HBC Trading Down 1.0%

The stock’s fifty day moving average price is $51.10 and its 200 day moving average price is $49.91. The company has a quick ratio of 0.92, a current ratio of 1.14 and a debt-to-equity ratio of 0.89.

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.