Tsingtao Brewery (OTCMKTS:TSGTY) Shares Gap Up – What’s Next?

by · The Cerbat Gem

Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $24.55, but opened at $25.70. Tsingtao Brewery shares last traded at $25.70, with a volume of 935 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Tsingtao Brewery from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Check Out Our Latest Research Report on TSGTY

Tsingtao Brewery Stock Up 4.7%

The stock’s fifty day moving average is $27.63 and its two-hundred day moving average is $30.01.

About Tsingtao Brewery

(Get Free Report)

Tsingtao Brewery Co, Ltd. is a China-based brewing company headquartered in Qingdao, Shandong Province. Founded in 1903, the company is one of China’s oldest and best-known beer producers and is recognized internationally for its Tsingtao beer brand.

The company produces and sells a range of beers, including lager, pilsner, craft-style and other specialty offerings under the Tsingtao and Laoshan brands, among others. Its products are distributed through supermarkets, restaurants, hospitality venues, retail outlets and other channels.

Tsingtao Brewery serves consumers throughout mainland China and exports its products to international markets.

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