Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report) shares hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $24.55 and last traded at $24.55, with a volume of 217 shares trading hands. The stock had previously closed at $25.23.
Analyst Upgrades and Downgrades
Separately, Zacks Research lowered shares of Tsingtao Brewery from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on TSGTY
Tsingtao Brewery Price Performance
Tsingtao Brewery Company Profile
Tsingtao Brewery Co, Ltd. is a Chinese beverage company best known for producing and selling beer under the Tsingtao brand. The company offers a range of lagers and other beer products, including its flagship Tsingtao beer and regional brands such as Laoshan. Its portfolio includes products designed for different tastes, occasions and price segments.
The company traces its history to 1903, when the brewery was established in Qingdao, Shandong Province. Tsingtao Brewery has since expanded beyond its original facility through a broader brewing, distribution and sales network serving markets throughout mainland China.
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