Agencia Comercial Spirits (NASDAQ:AGCC) Trading Down 11.4% – Should You Sell?

Agencia Comercial Spirits Ltd. (NASDAQ:AGCC)’s stock price fell 11.4% on Wednesday . The stock traded as low as $17.49 and last traded at $16.4760. 182,142 shares were traded during trading, an increase of 110% from the average session volume of 86,572 shares. The stock had previously closed at $18.59.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of Agencia Comercial Spirits in a report on Friday, January 16th. They set a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Agencia Comercial Spirits Stock Performance

The business’s 50 day moving average is $11.63.

Hedge Funds Weigh In On Agencia Comercial Spirits

An institutional investor recently bought a new position in Agencia Comercial Spirits stock. Geode Capital Management LLC purchased a new stake in Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,730 shares of the company’s stock, valued at approximately $114,000.

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.