Coca-Cola HBC (OTCMKTS:CCHGY) Shares Cross Above 50-Day Moving Average – Should You Sell?

Coca-Cola HBC (OTCMKTS:CCHGY)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $53.55 and traded as high as $64.68. Coca-Cola HBC shares last traded at $64.68, with a volume of 6,274 shares.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CCHGY shares. Kepler Capital Markets cut shares of Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Wall Street Zen downgraded shares of Coca-Cola HBC from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. Finally, Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Stock Performance

The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 1.14. The stock’s 50 day simple moving average is $53.55 and its two-hundred day simple moving average is $50.40.

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.