Agencia Comercial Spirits (NASDAQ:AGCC) Stock Price Down 4.7% – Should You Sell?

Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) shares were down 4.7% on Thursday . The company traded as low as $10.75 and last traded at $11.27. Approximately 192,134 shares were traded during trading, an increase of 3% from the average daily volume of 187,399 shares. The stock had previously closed at $11.82.

Analysts Set New Price Targets

Several research firms recently commented on AGCC. Weiss Ratings started coverage on Agencia Comercial Spirits in a research report on Friday. They issued a “sell (e-)” rating on the stock. Wall Street Zen raised Agencia Comercial Spirits to a “hold” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Agencia Comercial Spirits Price Performance

The firm’s 50-day simple moving average is $9.07.

Agencia Comercial Spirits Company Profile

Agencia Comercial Spirits Ltd is an exempted company with limited liability incorporated under the laws of the Cayman Islands. As Agencia Comercial Spirits Ltd is a holding company with no material operations of its own, our operations are conducted through our indirect wholly owned operating subsidiary Agencia Comercial Co, Ltd (“Agencia Taiwan”) in Taiwan. Agencia Taiwan was formally registered and established in July 2020, and is committed to offering imported whiskies of world-class quality and excellent services to its clients.