Embotelladora Andina (NYSE:AKO.B) Shares Gap Down – Time to Sell?

Embotelladora Andina S.A. (NYSE:AKO.B)’s share price gapped down prior to trading on Monday . The stock had previously closed at $28.68, but opened at $27.00. Embotelladora Andina shares last traded at $26.9290, with a volume of 1,058 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on AKO.B. Zacks Research upgraded Embotelladora Andina to a “hold” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded Embotelladora Andina from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy”.

Embotelladora Andina Price Performance

The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 13.07 and a beta of 0.62. The firm’s 50-day simple moving average is $28.49 and its 200 day simple moving average is $28.56.

Embotelladora Andina (NYSE:AKO.B) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $999.00 EPS for the quarter. The business had revenue of $1.04 billion during the quarter. Embotelladora Andina had a net margin of 8.70% and a return on equity of 24.47%. As a group, research analysts predict that Embotelladora Andina S.A. will post 2.14 earnings per share for the current year.

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.