Embotelladora Andina (NYSE:AKO.A) Stock Price Down 8.6% – Time to Sell?

Embotelladora Andina S.A. (NYSE:AKO.A)’s share price traded down 8.6% on Thursday. The company traded as low as $23.53 and last traded at $23.7250. 174 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 1,312 shares. The stock had previously closed at $25.97.

Embotelladora Andina Stock Down 8.6%

The company has a 50-day moving average of $23.71 and a 200 day moving average of $23.26. The stock has a market capitalization of $3.74 billion, a PE ratio of 11.57 and a beta of 0.47.

Embotelladora Andina (NYSE:AKO.A) last announced its 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.