Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $28.00, but opened at $26.00. Tsingtao Brewery shares last traded at $26.00, with a volume of 200 shares traded.
Wall Street Analysts Forecast Growth
Separately, Zacks Research lowered Tsingtao Brewery from a “hold” rating to a “strong sell” rating in a research note on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.
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Tsingtao Brewery Price Performance
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.
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