Coca-Cola HBC (OTCMKTS:CCHGY) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Coca-Cola HBC (OTCMKTS:CCHGY)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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

Several analysts recently commented on CCHGY shares. Zacks Research lowered Coca-Cola HBC from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Wall Street Zen lowered Coca-Cola HBC from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola HBC in a report on Friday, August 8th. Two equities 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. According to MarketBeat.com, Coca-Cola HBC currently has an average rating of “Moderate Buy”.

Coca-Cola HBC Trading Down 0.2%

The company has a 50-day moving average price of $52.14 and a 200 day moving average price of $50.22. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.17 and a quick ratio of 0.95.

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.