TSINGTAO BREWER/S (OTCMKTS:TSGTY) Shares Down 4.5%

TSINGTAO BREWER/S (OTCMKTS:TSGTY)’s share price was down 4.5% during trading on Wednesday . The stock traded as low as $30.49 and last traded at $30.49, approximately 272 shares traded hands during mid-day trading. A decline of 47% from the average daily volume of 509 shares. The stock had previously closed at $31.91.

Separately, ValuEngine cut shares of TSINGTAO BREWER/S from a “sell” rating to a “strong sell” rating in a report on Thursday, October 17th.

The company has a fifty day moving average price of $30.92 and a two-hundred day moving average price of $30.97.

TSINGTAO BREWER/S (OTCMKTS:TSGTY) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.50 EPS for the quarter. The firm had revenue of $1.19 billion for the quarter. Analysts anticipate that TSINGTAO BREWER/S will post 0.94 EPS for the current year.

TSINGTAO BREWER/S Company Profile (OTCMKTS:TSGTY)

Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products worldwide. It operates through seven segments: Shandong Region; South China Region; North China Region; East China Region; Southeast China Region; Hong Kong, Macau and Other Overseas Region; and Finance Company.

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