Gaucho Group (OTCMKTS:VINO) Shares Down 41.1% – Should You Sell?

Gaucho Group Holdings, Inc. (OTCMKTS:VINO – Get Free Report)’s stock price fell 41.1% during trading on Monday. The stock traded as low as $0.56 and last traded at $0.56. 1,035 shares changed hands during mid-day trading, an increase of 7,653% from the average daily volume of 13 shares. The stock had previously closed at $0.95.

Gaucho Group Price Performance

The company’s fifty day simple moving average is $1.09 and its two-hundred day simple moving average is $1.42.

Gaucho Group Company Profile

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Gaucho Group Holdings, Inc is a holding company focused on luxury lifestyle businesses and assets in Argentina. The company’s activities have included real estate development, hospitality, wine production, and related consumer products and services.

Its portfolio has included Algodon Wine Estates, a vineyard, winery, and resort development in Mendoza, as well as hospitality and real estate assets in Buenos Aires. The company has also marketed wines and other products under the Algodon and Gaucho brands.

Gaucho Group Holdings was formerly known as Algodon Wines & Luxury Development Group, Inc and adopted its current name as it expanded its focus beyond wine and vineyards.

Further Reading

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