Agencia Comercial Spirits (NASDAQ:AGCC) Sees Strong Trading Volume – Still a Buy?

Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) shares saw an uptick in trading volume on Thursday . 81,789 shares traded hands during trading, a decline of 4% from the previous session’s volume of 85,640 shares.The stock last traded at $16.1810 and had previously closed at $18.69.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated 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, Based on data from MarketBeat.com, Agencia Comercial Spirits currently has a consensus rating of “Sell”.

Agencia Comercial Spirits Price Performance

The business has a 50 day simple moving average of $11.81.

Institutional Investors Weigh In On Agencia Comercial Spirits

An institutional investor recently bought a new position in Agencia Comercial Spirits stock. Geode Capital Management LLC acquired a new position in shares of Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 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.