Embotelladora Andina (NYSE:AKO.A) Shares Gap Down – Here’s What Happened

Embotelladora Andina S.A. (NYSE:AKO.A) shares gapped down prior to trading on Wednesday. The stock had previously closed at $25.97, but opened at $24.50. Embotelladora Andina shares last traded at $24.0010, with a volume of 162 shares changing hands.

Embotelladora Andina Stock Performance

The company has a 50 day moving average price of $23.69 and a 200 day moving average price of $23.26. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 11.71 and a beta of 0.47.

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

About Embotelladora Andina

Embotelladora Andina SA is a Latin American beverage company and one of The Coca-Cola Company’s bottling partners. The company produces, markets, sells and distributes a broad portfolio of nonalcoholic beverages, including Coca-Cola, Sprite, Fanta and other carbonated soft drinks, as well as bottled water, juices, sports drinks, energy drinks and other ready-to-drink products.

Founded in Chile in 1946, Embotelladora Andina has expanded its operations beyond its home market through bottling territories and distribution activities in Argentina, Paraguay and Brazil.