Embotelladora Andina (NYSE:AKO.A) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

Embotelladora Andina S.A. (NYSE:AKO.A) shares crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $23.83 and traded as high as $24.00. Embotelladora Andina shares last traded at $24.1230, with a volume of 451 shares.

Embotelladora Andina Trading Up 0.6%

The company has a market capitalization of $3.81 billion, a PE ratio of 11.77 and a beta of 0.44. The business has a fifty day moving average of $23.84 and a 200 day moving average of $23.29.

Embotelladora Andina (NYSE:AKO.A) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.25 earnings per share (EPS) 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.