Agencia Comercial Spirits (NASDAQ:AGCC) Hits New 12-Month High – Should You Buy?

Shares of Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) hit a new 52-week high during trading on Monday . The stock traded as high as $19.36 and last traded at $19.36, with a volume of 3262 shares trading hands. The stock had previously closed at $18.11.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on shares of Agencia Comercial Spirits in a report on Friday, January 16th. They issued a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Agencia Comercial Spirits Stock Up 9.2%

The firm has a fifty day simple moving average of $11.31.

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 purchased a new stake in shares of Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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.