Monterey Capital Acquisition (OTCMKTS:MCACU) Shares Down 51.1% – Should You Sell?

Monterey Capital Acquisition Co. (OTCMKTS:MCACUGet Free Report)’s stock price was down 51.1% on Tuesday . The company traded as low as $5.22 and last traded at $5.22. Approximately 2,600 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 3,367 shares. The stock had previously closed at $10.67.

Monterey Capital Acquisition Stock Performance

The stock’s fifty day moving average is $5.22 and its 200-day moving average is $6.64.

Monterey Capital Acquisition Company Profile

(Get Free Report)

Monterey Capital Acquisition Corporation does not have significant operations. It focuses on acquiring, merging with, engaging in capital stock exchange with, purchasing all or substantially all of the assets of, engaging in contractual arrangements, or engaging in any other similar business combination with a single operating entity, or one or more related or unrelated operating entities operating in any sector.

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