Shares of Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report) were down 6% during trading on Wednesday . The company traded as low as $27.4750 and last traded at $27.4750. 204 shares traded hands during trading, a decline of 57% from the average daily volume of 480 shares. The stock had previously closed at $29.2225.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of Tsingtao Brewery to a “hold” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
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Tsingtao Brewery Stock Performance
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.
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