Tsingtao Brewery (OTCMKTS:TSGTY) Shares Gap Down – Time to Sell?

Tsingtao Brewery Co. (OTCMKTS:TSGTY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $27.54, but opened at $26.00. Tsingtao Brewery shares last traded at $26.00, with a volume of 150 shares trading hands.

Wall Street Analyst Weigh In

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

Tsingtao Brewery Price Performance

The company’s 50 day moving average price is $28.33 and its two-hundred day moving average price is $30.70.

About Tsingtao Brewery

Tsingtao Brewery Co, Ltd. is a Chinese beverage company best known for producing and selling beer under the Tsingtao brand. The company offers a range of lagers and other beer products, including its flagship Tsingtao beer and regional brands such as Laoshan. Its portfolio includes products designed for different tastes, occasions and price segments.

The company traces its history to 1903, when the brewery was established in Qingdao, Shandong Province. Tsingtao Brewery has since expanded beyond its original facility through a broader brewing, distribution and sales network serving markets throughout mainland China.