Tsingtao Brewery (OTCMKTS:TSGTY) Sets New 1-Year Low – Here’s What Happened

Tsingtao Brewery Co. (OTCMKTS:TSGTY)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $28.6343 and last traded at $28.6343, with a volume of 247 shares trading hands. The stock had previously closed at $31.03.

Analysts Set New Price Targets

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

Tsingtao Brewery Stock Performance

The firm’s 50-day simple moving average is $32.51 and its 200 day simple moving average is $32.45.

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.