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

Embotelladora Andina S.A. (NYSE:AKO.B)’s stock price gapped down before the market opened on Monday. The stock had previously closed at $31.07, but opened at $28.89. Embotelladora Andina shares last traded at $28.5350, with a volume of 2,350 shares trading hands.

Embotelladora Andina Price Performance

The business has a fifty day moving average of $29.80 and a 200-day moving average of $29.45. The stock has a market cap of $4.67 billion, a PE ratio of 14.44 and a beta of 0.58.

Embotelladora Andina (NYSE:AKO.B) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $960.89 million for the quarter, compared to the consensus estimate of $945.76 million. As a group, equities research analysts predict that Embotelladora Andina S.A. will post 2.11 EPS for the current year.

About Embotelladora Andina

Embotelladora Andina SA is a beverage company that manufactures, markets and distributes Coca-Cola products and other consumer beverages. Its portfolio includes carbonated soft drinks, bottled water, juices, sports drinks, energy drinks and other beverage categories, with products sold under The Coca-Cola Company’s brands as well as selected local and third-party brands.

The company operates as a Coca-Cola bottler in Chile, Argentina, Paraguay and portions of Brazil. Its activities include beverage production and packaging, sales and marketing, logistics, and distribution to supermarkets, convenience stores, restaurants, food-service operators and other retail customers.

Founded in 1946, Embotelladora Andina has expanded from its original Chilean operations into a broader South American bottling and distribution network.