Embotelladora Andina (NYSE:AKO.A) Shares Down 8.6% – Here’s Why

Shares of Embotelladora Andina S.A. (NYSE:AKO.A) traded down 8.6% on Thursday. The stock traded as low as $23.53 and last traded at $23.7250. Approximately 174 shares were traded during trading, a decline of 87% from the average daily volume of 1,312 shares. The stock had previously closed at $25.97.

Embotelladora Andina Stock Down 8.6%

The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 11.57 and a beta of 0.47. The company’s 50-day moving average is $23.71 and its 200-day moving average is $23.26.

Embotelladora Andina (NYSE:AKO.A) last posted its earnings results on Tuesday, July 28th. The company reported $0.25 earnings per share for the quarter. Embotelladora Andina had a net margin of 8.46% and a return on equity of 23.40%. The company had revenue of $889.40 million for the quarter.

About Embotelladora Andina

Embotelladora Andina SA is a South American beverage company and one of The Coca-Cola Company’s bottling partners. The company produces, distributes and sells a range of nonalcoholic beverages, including Coca-Cola products, carbonated soft drinks, bottled water, juices, sports drinks and energy drinks.

Headquartered in Santiago, Chile, Embotelladora Andina operates bottling and distribution activities in Chile, Argentina, Paraguay and parts of Brazil. Its business serves retail stores, supermarkets, restaurants, food-service operators and other commercial customers through an extensive regional distribution network.

The company traces its origins to Chile and has expanded over time through the development and acquisition of Coca-Cola bottling territories in South America.