Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report) saw strong trading volume on Thursday . Approximately 806 shares were traded during mid-day trading, an increase of 80% from the previous session’s volume of 449 shares.The stock last traded at $30.4830 and had previously closed at $28.41.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of Tsingtao Brewery to a “hold” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.
Read Our Latest Analysis on TSGTY
Tsingtao Brewery Price Performance
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.
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