Shares of Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report) gapped up prior to trading on Thursday. The stock had previously closed at $25.00, but opened at $27.07. Tsingtao Brewery shares last traded at $27.07, with a volume of 254 shares.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded shares of Tsingtao Brewery from a “strong sell” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has an average rating of “Hold”.
Get Our Latest Report on Tsingtao Brewery
Tsingtao Brewery Stock Performance
The business’s 50-day simple moving average is $26.35 and its 200 day simple moving average is $30.13.
Tsingtao Brewery Company Profile
Tsingtao Brewery Co, Ltd. is a China-based beverage company best known for producing and selling Tsingtao beer, one of the country’s most recognized beer brands. Its product portfolio includes traditional lagers, premium and craft-style beers, and other beverage offerings marketed under the Tsingtao brand and related labels.
The company traces its history to 1903, when the brewery was established in Qingdao, Shandong Province. Over time, Tsingtao Brewery expanded from a regional producer into a large-scale brewer serving consumers throughout China.
Recommended Stories
- Five stocks we like better than Tsingtao Brewery
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for Tsingtao Brewery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tsingtao Brewery and related companies with MarketBeat.com's FREE daily email newsletter.
