Tsingtao Brewery (OTCMKTS:TSGTY) Downgraded by Zacks Research to Strong Sell

Zacks Research downgraded shares of Tsingtao Brewery (OTCMKTS:TSGTY) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks reports.

Tsingtao Brewery Price Performance

TSGTY opened at $27.30 on Monday. Tsingtao Brewery has a fifty-two week low of $25.80 and a fifty-two week high of $36.69. The company’s 50 day moving average price is $28.73 and its two-hundred day moving average price is $30.97.

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.