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

Embotelladora Andina S.A. (NYSE:AKO.B)’s stock price 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 traded.

Analysts Set New Price Targets

Several research analysts have commented on AKO.B shares. Zacks Research raised Embotelladora Andina to a “hold” rating in a research report on Thursday, May 21st. Wall Street Zen raised Embotelladora Andina from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 2nd. One 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.com, Embotelladora Andina has an average rating of “Buy”.

Embotelladora Andina Stock Performance

The business has a 50-day simple moving average of $29.28 and a two-hundred day simple moving average of $29.11. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 14.56 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.