Coca-Cola HBC (OTCMKTS:CCHGY) Shares Gap Down - Here's Why

Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $54.49, but opened at $52.68. Coca-Cola HBC shares last traded at $52.68, with a volume of 459 shares.

Analyst Upgrades and Downgrades

CCHGY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola HBC in a report on Friday, July 4th. Wall Street Zen lowered shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research note on Monday, June 9th. Finally, Berenberg Bank raised shares of Coca-Cola HBC to a "strong-buy" rating in a report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Coca-Cola HBC currently has a consensus rating of "Moderate Buy".

Coca-Cola HBC Stock Down 0.5%

The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.95 and a current ratio of 1.17. The business's 50 day simple moving average is $52.55 and its two-hundred day simple moving average is $45.12.

Coca-Cola HBC Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.1203 per share. This is an increase from Coca-Cola HBC's previous dividend of $0.60. This represents a dividend yield of 2.07%. The ex-dividend date was Friday, May 30th.

Coca-Cola HBC Company Profile

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.