Embotelladora Andina (NYSE:AKO.B) Stock Price Up 5.4% – Here’s Why

Embotelladora Andina S.A. (NYSE:AKO.B)’s stock price was up 5.4% during mid-day trading on Friday. The company traded as high as $27.60 and last traded at $28.56. Approximately 2,358 shares changed hands during trading, a decline of 79% from the average daily volume of 11,337 shares. The stock had previously closed at $27.10.

Embotelladora Andina Stock Performance

The stock has a fifty day moving average price of $29.46 and a 200-day moving average price of $29.37. The firm has a market cap of $4.41 billion, a PE ratio of 13.39 and a beta of 0.63.

Embotelladora Andina (NYSE:AKO.B) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. Embotelladora Andina had a net margin of 8.34% and a return on equity of 22.29%. The firm had revenue of $960.89 million for the quarter, compared to analyst estimates of $945.76 million. As a group, equities analysts predict that Embotelladora Andina S.A. will post 2.11 earnings per share for the current fiscal year.

About Embotelladora Andina

Embotelladora Andina S.A., also known as Coca-Cola Andina, produces, bottles, markets and distributes beverages under an agreement with The Coca-Cola Company. Its portfolio includes Coca-Cola brands such as Coca-Cola, Fanta and Sprite, along with other beverage categories including water, juices and sports drinks. The company serves customers in Chile, Argentina, Brazil and Paraguay. Its operations include manufacturing and distribution, supplying retailers and other customers across these markets.