Embotelladora Andina (NYSE:AKO.B) Shares Gap Down – Here’s Why

by · The Cerbat Gem

Embotelladora Andina S.A. (NYSE:AKO.B – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $30.10, but opened at $28.85. Embotelladora Andina shares last traded at $29.6010, with a volume of 571 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Embotelladora Andina from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Zacks Research upgraded shares of Embotelladora Andina to a “hold” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Check Out Our Latest Analysis on AKO.B

Embotelladora Andina Stock Down 0.8%

The company’s fifty day moving average price is $29.19 and its 200-day moving average price is $29.08. The stock has a market capitalization of $4.67 billion, a PE ratio of 14.51 and a beta of 0.63.

Embotelladora Andina Company Profile

(Get Free Report)

Embotelladora Andina SA, together with its subsidiaries, produces, markets, and distributes Coca-Cola soft drinks in Chile, Brazil, Argentina, and Paraguay. It also offers fruit-flavored beverages, juices, sports and energy drinks, ice tea, and bottled water. Embotelladora Andina SA was founded in 1946 and is headquartered in Santiago, Chile.

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