Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report) shares 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 traded.
Analysts Set New Price Targets
Separately, Zacks Research lowered Tsingtao Brewery from a “hold” rating to a “strong sell” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
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Tsingtao Brewery Trading Up 4.7%
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.
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