Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $27.8640, but opened at $30.35. Tsingtao Brewery shares last traded at $30.35, with a volume of 1,627 shares.
Analysts Set New Price Targets
Separately, Zacks Research upgraded shares of Tsingtao Brewery to a “hold” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.
Read Our Latest Stock Analysis on Tsingtao Brewery
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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