Coca-Cola HBC (LON:CCH) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Coca-Cola HBC AG (LON:CCH)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,750.81 ($33.59) and traded as low as GBX 2,744 ($33.50). Coca-Cola HBC shares last traded at GBX 2,744 ($33.50), with a volume of 43,980,113 shares traded.

Coca-Cola HBC Stock Down 1.9 %

The firm’s 50 day moving average is GBX 2,765.48 and its 200-day moving average is GBX 2,751.33. The firm has a market cap of £9.93 billion, a PE ratio of 1,918.88, a P/E/G ratio of 1.03 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 1.14 and a debt-to-equity ratio of 135.02.

Insider Activity at Coca-Cola HBC

In related news, insider Zoran Bogdanovic acquired 162 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was purchased at an average cost of GBX 2,812 ($34.33) per share, for a total transaction of £4,555.44 ($5,562.20). Over the last 90 days, insiders acquired 12,113 shares of company stock valued at $34,228,426. Insiders own 47.16% of the company’s stock.

Coca-Cola HBC Company Profile

Coca-Cola HBC is a growth-focused consumer packaged goods business and strategic bottling partner of The Coca-Cola Company. We open up moments that refresh us all, by creating value for our stakeholders and supporting the socio-economic development of the communities in which we operate. With a vision to be the leading 24/7 beverage partner, we offer drinks for all occasions around the clock and work together with our customers to serve 740 million consumers across a broad geographic footprint of 29 countries.