Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report) shares gapped up before the market opened on Thursday. The stock had previously closed at $25.00, but opened at $27.07. Tsingtao Brewery shares last traded at $27.07, with a volume of 254 shares.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of Tsingtao Brewery from a “strong sell” rating to a “hold” rating in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Tsingtao Brewery presently has a consensus rating of “Hold”.
View Our Latest Report on TSGTY
Tsingtao Brewery Price Performance
The business’s fifty day moving average price is $26.34 and its 200-day moving average price is $30.09.
About Tsingtao Brewery
Tsingtao Brewery Co, Ltd. is a China-based beverage company best known for producing and selling Tsingtao beer, one of the country’s most recognized beer brands. Its product portfolio includes traditional lagers, premium and craft-style beers, and other beverage offerings marketed under the Tsingtao brand and related labels.
The company traces its history to 1903, when the brewery was established in Qingdao, Shandong Province. Over time, Tsingtao Brewery expanded from a regional producer into a large-scale brewer serving consumers throughout China.
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