Agencia Comercial Spirits (NASDAQ:AGCC) Hits New 52-Week High – Still a Buy?

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

Analyst Ratings Changes

Several brokerages have recently issued reports on AGCC. Weiss Ratings assumed coverage on Agencia Comercial Spirits in a report on Friday, January 16th. They issued a “sell (e-)” rating on the stock. Wall Street Zen upgraded Agencia Comercial Spirits to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Agencia Comercial Spirits Stock Performance

The company’s 50-day moving average price is $10.76.

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 shares of Agencia Comercial Spirits Ltd. (NASDAQ:AGCC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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.