Becle (OTCMKTS:BCCLF) Shares Down 12.5% – Here’s What Happened

Shares of Becle, S.A.B. de C.V. (OTCMKTS:BCCLF) were down 12.5% during trading on Thursday . The company traded as low as $1.07 and last traded at $1.07. Approximately 13,460 shares changed hands 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.

Analysts Set New Price Targets

A number of research firms have commented on BCCLF. Barclays raised shares of Becle to an “overweight” rating in a research report on Tuesday, December 2nd. Santander raised Becle to an “outperform” rating in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Becle Price Performance

The stock has a 50 day simple moving average of $1.16 and a 200-day simple moving average of $1.17.

About Becle

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.