Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $24.55, but opened at $25.70. Tsingtao Brewery shares last traded at $25.70, with a volume of 935 shares changing hands.
Analysts Set New Price Targets
Separately, Zacks Research lowered Tsingtao Brewery from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.
Read Our Latest Research Report on Tsingtao Brewery
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.
Further Reading
- Five stocks we like better than Tsingtao Brewery
- Alamos Gold’s 1 Million-Ounce Growth Story Is Hiding in Plain Sight
- Everyone in AI Is Quietly Copying Palantir’s Playbook
- Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next
- JPMorgan Bets on Genius Sports as the Market Loses Patience
Receive News & Ratings for Tsingtao Brewery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tsingtao Brewery and related companies with MarketBeat.com's FREE daily email newsletter.
