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

Embotelladora Andina S.A. (NYSE:AKO.B)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $31.21, but opened at $29.25. Embotelladora Andina shares last traded at $30.0030, with a volume of 752 shares.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AKO.B shares. Wall Street Zen upgraded Embotelladora Andina from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Zacks Research upgraded Embotelladora Andina to a “hold” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Embotelladora Andina Price Performance

The business’s fifty day simple moving average is $28.93 and its two-hundred day simple moving average is $28.83. The company has a market cap of $4.65 billion, a PE ratio of 14.46 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.