Coca-Cola HBC (OTCMKTS:CCHGY) Sees Strong Trading Volume – Time to Buy?

Coca-Cola HBC (OTCMKTS:CCHGY) shares saw unusually-strong trading volume on Friday . Approximately 18,245 shares were traded during mid-day trading, an increase of 203% from the previous session’s volume of 6,014 shares.The stock last traded at $54.4054 and had previously closed at $54.67.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Coca-Cola HBC from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Coca-Cola HBC Price Performance

The company has a current ratio of 1.14, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. The stock’s 50-day moving average price is $51.22 and its 200 day moving average price is $49.89.

Coca-Cola HBC Company Profile

Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.

The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.