Becle (OTCMKTS:BCCLF) Trading Down 3.4% – Here’s Why

Shares of Becle, S.A.B. de C.V. (OTCMKTS:BCCLF) fell 3.4% during trading on Friday . The company traded as low as $0.80 and last traded at $0.80. 2,000 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 25,707 shares. The stock had previously closed at $0.8281.

Analysts Set New Price Targets

Separately, Barclays reiterated an “overweight” rating on shares of Becle in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Becle has an average rating of “Buy”.

Becle Stock Down 3.4%

The stock’s fifty day moving average price is $0.85 and its 200 day moving average price is $1.01.

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.