Coca-Cola HBC (OTCMKTS:CCHGY) Stock Passes Below 200 Day Moving Average - What's Next?

Key Points

• Coca-Cola HBC shares fell below their 200-day moving average of $50.22, indicating a potential downtrend in stock performance.
• Recent analyst ratings show a downgrade from "strong-buy" to "hold" by Zacks Research, while Deutsche Bank maintained a "buy" rating, resulting in an average rating of "Moderate Buy" across multiple analysts.
• The company's debt-to-equity ratio stands at 0.94, suggesting manageable debt levels in relation to its equity.

Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $50.22 and traded as low as $50.18. Coca-Cola HBC shares last traded at $50.38, with a volume of 1,119 shares.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of Coca-Cola HBC from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola HBC in a research note on Friday, August 8th. Finally, Wall Street Zen lowered shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Coca-Cola HBC Price Performance

The company has a fifty day moving average price of $52.05 and a two-hundred day moving average price of $50.38. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.94.

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.