Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report)’s share price reached a new 52-week low on Monday. The stock traded as low as $24.55 and last traded at $24.55, with a volume of 217 shares traded. The stock had previously closed at $25.23.
Analysts Set New Price Targets
Separately, Zacks Research lowered Tsingtao Brewery from a “hold” rating to a “strong sell” rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tsingtao Brewery has a consensus rating of “Sell”.
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Tsingtao Brewery Price Performance
About Tsingtao Brewery
Tsingtao Brewery Co, Ltd. is a Chinese beverage company best known for producing and selling beer under the Tsingtao brand. The company offers a range of lagers and other beer products, including its flagship Tsingtao beer and regional brands such as Laoshan. Its portfolio includes products designed for different tastes, occasions and price segments.
The company traces its history to 1903, when the brewery was established in Qingdao, Shandong Province. Tsingtao Brewery has since expanded beyond its original facility through a broader brewing, distribution and sales network serving markets throughout mainland China.
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