Coca-Cola HBC (OTCMKTS:CCHGY) Shares Gap Down - Time to Sell?

Key Points

• Coca-Cola HBC shares experienced a significant drop, opening at $48.53, down from a previous close of $52.39, with recent trading at $48.41 and a volume of 792 shares.
• Research analysts maintain a positive outlook for the stock, with ratings ranging from "hold" to "strong-buy," and a current average rating of "Buy."
• The company announced a dividend increase to $1.1203 per share, up from $0.60, resulting in a dividend yield of 207.0% paid to investors of record on June 2nd.

Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $52.39, but opened at $48.53. Coca-Cola HBC shares last traded at $48.41, with a volume of 792 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CCHGY. Wall Street Zen raised shares of Coca-Cola HBC from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 3rd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola HBC in a research report on Friday. Three analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola HBC currently has an average rating of "Buy".

Coca-Cola HBC Trading Down 0.1%

The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.94. The company's fifty day moving average price is $52.63 and its two-hundred day moving average price is $48.03.

Coca-Cola HBC Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 2nd were issued a $1.1203 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 207.0%. This is an increase 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.