Tsingtao Brewery (OTCMKTS:TSGTY) Shares Gap Up – Time to Buy?

Tsingtao Brewery Co. (OTCMKTS:TSGTY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $27.8640, but opened at $30.35. Tsingtao Brewery shares last traded at $30.35, with a volume of 1,627 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Tsingtao Brewery to a “hold” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Tsingtao Brewery Stock Performance

The company has a 50 day moving average price of $32.30 and a 200 day moving average price of $32.33.

About Tsingtao Brewery

Tsingtao Brewery Co, Ltd., founded in 1903 and headquartered in Qingdao, Shandong Province, is one of China’s longest-established and most widely recognized beer producers. The company’s core business centers on the brewing, packaging and distribution of beer under its flagship Tsingtao brand, alongside a portfolio of specialty and seasonal brews. Over more than a century of operation, Tsingtao has built a reputation for quality pale lagers and malt beverages, leveraging traditional brewing techniques alongside modern production processes.

In addition to its primary domestic operations, Tsingtao Brewery maintains an extensive export network spanning Asia, North America, Europe and other international markets.