Shares of Tsingtao Brewery Company Limited (OTCMKTS:TSGTF – Get Free Report) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $5.04 and traded as high as $5.2430. Tsingtao Brewery shares last traded at $5.2430, with a volume of 1,850 shares.
Analyst Ratings Changes
Separately, The Goldman Sachs Group cut shares of Tsingtao Brewery to a “neutral” rating in a research report on Thursday, September 17th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on Tsingtao Brewery
Tsingtao Brewery Trading Up 4.7%
The business has a 50 day simple moving average of $5.04 and a two-hundred day simple moving average of $5.87.
Tsingtao Brewery Company Profile
Tsingtao Brewery Company Limited is a Chinese brewer headquartered in Qingdao, Shandong Province. Founded in 1903, the company has grown from a regional brewery into one of China’s best-known beer producers.
The company brews, markets and sells beer, including its flagship Tsingtao brand and a range of other beer products. Its business also includes distribution and sales through domestic and international markets.
Tsingtao Brewery serves consumers across China and exports its products to markets around the world.
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