Coca-Cola HBC (OTCMKTS:CCHGY) Stock Price Passes Above 50 Day Moving Average - Here's What Happened

Key Points

• Coca-Cola HBC shares have crossed above their 50-day moving average, trading at $52.68 with a high of $52.68 during recent sessions.
• Analysts have shown a positive outlook for Coca-Cola HBC, with three ratings as "strong buy" and three as "buy" from various sources, contributing to an overall average rating of "Buy".
• The company increased its dividend to $1.1203, marking a significant boost from the previous dividend of $0.60 and reflecting a dividend yield of 207.0%.

Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report)'s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $52.60 and traded as high as $52.68. Coca-Cola HBC shares last traded at $52.68, with a volume of 2,890 shares.

Wall Street Analysts Forecast Growth

CCHGY has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a report on Sunday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola HBC in a report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Coca-Cola HBC Price Performance

The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 0.94. The business has a 50-day simple moving average of $52.65 and a 200 day simple moving average of $48.83.

Coca-Cola HBC Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 2nd were paid a $1.1203 dividend. This represents a dividend yield of 207.0%. The ex-dividend date was Friday, May 30th. This is a positive change from Coca-Cola HBC's previous dividend of $0.60.

About Coca-Cola HBC

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.