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

Shares of Embotelladora Andina S.A. (NYSE:AKO.B) gapped up before the market opened on Friday . The stock had previously closed at $26.80, but opened at $29.76. Embotelladora Andina shares last traded at $28.58, with a volume of 5,638 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Embotelladora Andina from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Zacks Research raised Embotelladora Andina to a “hold” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Embotelladora Andina Stock Down 0.6%

The company has a market cap of $4.58 billion, a price-to-earnings ratio of 14.22 and a beta of 0.62. The firm has a 50 day moving average price of $28.66 and a two-hundred day moving average price of $28.57.

Embotelladora Andina (NYSE:AKO.B) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $999.00 earnings per share for the quarter. The company had revenue of $1.04 billion during the quarter. Embotelladora Andina had a return on equity of 24.47% and a net margin of 8.70%. On average, equities analysts expect 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.