Arca Continental (OTCMKTS:EMBVF) Shares Down 1.2% – Here’s What Happened

Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF)’s share price was down 1.2% on Friday . The stock traded as low as $10.78 and last traded at $10.8675. Approximately 2,578 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 7,512 shares. The stock had previously closed at $11.0050.

Analyst Ratings Changes

Separately, Citigroup upgraded Arca Continental to a “buy” rating in a report on Tuesday, September 9th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Arca Continental has a consensus rating of “Buy”.

Arca Continental Price Performance

The firm’s 50 day moving average is $10.13 and its 200-day moving average is $10.26.

Arca Continental Company Profile

Arca Continental, established in 2001 through the merger of three Mexican Coca-Cola bottlers, is one of the world’s largest franchise bottlers affiliated with The Coca-Cola Company. Headquartered in Monterrey, Mexico, the company ranks among the top three Coca-Cola bottlers globally by volume and is publicly listed on the Mexican Stock Exchange, trading over-the-counter in the United States under the symbol EMBVF.

The company’s core operations encompass the production, bottling and distribution of a broad portfolio of ready-to-drink beverages.