Tsingtao Brewery (OTCMKTS:TSGTY) Shares Gap Up – Should You Buy?

Shares of Tsingtao Brewery Co. (OTCMKTS:TSGTY) gapped up before the market opened on Monday . The stock had previously closed at $30.55, but opened at $33.51. Tsingtao Brewery shares last traded at $33.51, with a volume of 229 shares changing hands.

Tsingtao Brewery Price Performance

The company has a 50-day simple moving average of $33.00 and a 200 day simple moving average of $33.01.

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.