Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report) shares crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $27.30 and traded as low as $26.3050. Tsingtao Brewery shares last traded at $26.3050, with a volume of 721 shares.
Analyst Upgrades and Downgrades
Separately, Zacks Research lowered Tsingtao Brewery from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on TSGTY
Tsingtao Brewery Price Performance
About Tsingtao Brewery
Tsingtao Brewery Co, Ltd. is a China-based brewing company headquartered in Qingdao, Shandong Province. Founded in 1903, the company is one of China’s oldest and best-known beer producers and is recognized internationally for its Tsingtao beer brand.
The company produces and sells a range of beers, including lager, pilsner, craft-style and other specialty offerings under the Tsingtao and Laoshan brands, among others. Its products are distributed through supermarkets, restaurants, hospitality venues, retail outlets and other channels.
Tsingtao Brewery serves consumers throughout mainland China and exports its products to international markets.
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