Embotelladora Andina (NYSE:AKO.B) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Embotelladora Andina S.A. (NYSE:AKO.B)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.07 and traded as low as $29.02. Embotelladora Andina shares last traded at $29.1850, with a volume of 17,693 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Embotelladora Andina to a “hold” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Embotelladora Andina Trading Down 2.1%

The firm has a 50-day moving average of $30.27 and a 200 day moving average of $29.07. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 14.24 and a beta of 0.62.

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.