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

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

Wall Street Analyst Weigh In

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

Agencia Comercial Spirits Stock Down 6.3%

The firm’s 50-day moving average price is $11.63.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Agencia Comercial Spirits stock. Geode Capital Management LLC acquired a new stake in Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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.