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

Key Points

• Coca-Cola HBC's share price recently crossed above its 50-day moving average of $52.61, reaching a high of $52.73 during trading.
• Analysts have given the stock a consensus rating of "Moderate Buy," with two analysts rating it as a Strong Buy and three as a Buy.
• The company's current financial ratios include a debt-to-equity ratio of 0.94 and a current ratio of 1.17, indicating its financial stability.

Shares of Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $52.61 and traded as high as $52.73. Coca-Cola HBC shares last traded at $52.73, with a volume of 6,200 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 17th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola HBC in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Coca-Cola HBC Stock Down 0.8%

The company has a debt-to-equity ratio of 0.94, a current ratio of 1.17 and a quick ratio of 0.95. The company's 50-day simple moving average is $52.59 and its 200 day simple moving average is $49.35.

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.