Tsingtao Brewery (OTCMKTS:TSGTY) Sees Unusually-High Trading Volume – Time to Buy?
by Tristan Rich · The Markets DailyShares of Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report) saw strong trading volume on Monday . 417 shares changed hands during trading, an increase of 18% from the previous session’s volume of 354 shares.The stock last traded at $31.85 and had previously closed at $28.75.
Tsingtao Brewery Trading Up 10.8%
The stock has a fifty day moving average price of $32.47 and a two-hundred day moving average price of $33.06.
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.