Embotelladora Andina (NYSE:AKO.B) Stock Price Down 5.5% – Here’s What Happened

Embotelladora Andina S.A. (NYSE:AKO.B)’s stock price fell 5.5% during mid-day trading on Tuesday . The company traded as low as $29.80 and last traded at $29.49. 2,644 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 14,101 shares. The stock had previously closed at $31.21.

Analysts Set New Price Targets

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

Embotelladora Andina Price Performance

The company’s 50-day moving average is $28.98 and its 200-day moving average is $28.78. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 14.47 and a beta of 0.62.

Embotelladora Andina (NYSE:AKO.B) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $999.00 earnings per share for the quarter. The company had revenue of $1.04 billion for the quarter. Embotelladora Andina had a net margin of 8.70% and a return on equity of 24.47%. Sell-side analysts anticipate that Embotelladora Andina S.A. will post 2.14 earnings per share for the current year.

About Embotelladora Andina

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.