Agencia Comercial Spirits (NASDAQ:AGCC) Hits New 52-Week High – Here’s Why

Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $15.47 and last traded at $14.80, with a volume of 12917 shares trading hands. The stock had previously closed at $14.55.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen raised Agencia Comercial Spirits to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings started coverage on Agencia Comercial Spirits in a research note on Friday, January 16th. They issued a “sell (e-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Agencia Comercial Spirits has an average rating of “Sell”.

Agencia Comercial Spirits Stock Down 4.1%

The business has a 50-day moving average of $10.63.

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) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,730 shares of the company’s stock, valued at approximately $114,000.

About Agencia Comercial Spirits

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.