Tsingtao Brewery (OTCMKTS:TSGTY) Sees Strong Trading Volume – Here’s Why

Tsingtao Brewery Co. (OTCMKTS:TSGTY) saw unusually-high trading volume on Monday. Approximately 1,373 shares changed hands during mid-day trading, an increase of 114% from the previous session’s volume of 641 shares. The stock last traded at $26.0450 and had previously closed at $26.3050.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Tsingtao Brewery from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Tsingtao Brewery has an average rating of “Sell”.

Tsingtao Brewery Stock Performance

The company’s 50-day moving average price is $27.26 and its 200 day moving average price is $29.72.

Tsingtao Brewery Company Profile

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.