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

Embotelladora Andina S.A. (NYSE:AKO.B) 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”.

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

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.