Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $30.00, but opened at $25.80. Tsingtao Brewery shares last traded at $25.80, with a volume of 159 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded Tsingtao Brewery to a “hold” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Tsingtao Brewery currently has an average rating of “Hold”.
View Our Latest Report on Tsingtao Brewery
Tsingtao Brewery Price Performance
Tsingtao Brewery Company Profile
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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