Becle (OTCMKTS:BCCLF) Stock Price Down 12.5% – Should You Sell?

Becle, S.A.B. de C.V. (OTCMKTS:BCCLF)’s stock price dropped 12.5% during trading on Thursday . The company traded as low as $1.07 and last traded at $1.07. Approximately 13,460 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 26,527 shares. The stock had previously closed at $1.2229.

Analyst Upgrades and Downgrades

BCCLF has been the topic of several research analyst reports. Santander raised Becle to an “outperform” rating in a report on Thursday, December 11th. Barclays upgraded Becle to an “overweight” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Becle Stock Performance

The company’s 50 day moving average price is $1.16 and its two-hundred day moving average price is $1.18.

Becle Company Profile

Becle, SAB. de C.V. (OTCMKTS:BCCLF) is a Mexican beverage company and the world’s leading producer of tequila. Through its principal subsidiary, Tequila Cuervo, the company engages in the distillation, aging, bottling and distribution of a portfolio of tequila and spirits brands. Its flagship products include the internationally recognized José Cuervo line of tequilas, alongside premium and super-premium offerings aimed at both on- and off-trade channels.

Founded on the foundations of the first licensed tequila distillery in Tequila, Jalisco, dating back to the 18th century, Becle has evolved into a multinational group with operations spanning Mexico, the United States and more than 90 countries worldwide.