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

Shares of Coca-Cola HBC AG (LON:CCH) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Price Performance

The stock has a market capitalization of £9.93 billion, a price-to-earnings 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. The stock has a fifty day moving average of GBX 2,764.48 and a 200-day moving average of GBX 2,750.81.

Insider Activity

In other news, insider Zoran Bogdanovic bought 165 shares of Coca-Cola HBC stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of GBX 2,746 ($33.53) per share, with a total value of £4,530.90 ($5,532.23). In the last quarter, insiders purchased 12,113 shares of company stock worth $34,228,426. Corporate insiders own 47.16% of the company’s stock.

About Coca-Cola HBC

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.