Coca-Cola HBC (OTCMKTS:CCHGY) Shares Gap Down - Should You Sell?

Key Points

• Coca-Cola HBC shares gapped down from $48.44 to $46.80 before trading on Monday, marking a 3.7% decline.
• Analysts have mixed ratings for Coca-Cola HBC, with Zacks Research downgrading the stock from "strong-buy" to "hold," while Deutsche Bank maintained a "buy" rating.
• The company has a consensus rating of "Moderate Buy" from analysts, with a balanced distribution of ratings from "Strong Buy" to "Hold."

Shares of Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $48.44, but opened at $46.80. Coca-Cola HBC shares last traded at $46.80, with a volume of 4,549 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CCHGY. Zacks Research cut shares of Coca-Cola HBC from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola HBC in a research report on Friday, August 8th. Finally, Wall Street Zen cut shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola HBC presently has a consensus rating of "Moderate Buy".

Coca-Cola HBC Stock Down 3.7%

The business has a 50 day moving average of $51.23 and a 200 day moving average of $50.67. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.94.

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.

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