Tsingtao Brewery (OTCMKTS:TSGTY) Hits New 52-Week Low – What’s Next?

Tsingtao Brewery Co. (OTCMKTS:TSGTY)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $25.00 and last traded at $25.00, with a volume of 150 shares. The stock had previously closed at $26.90.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Tsingtao Brewery from a “hold” rating to a “strong sell” rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tsingtao Brewery presently has a consensus rating of “Sell”.

Tsingtao Brewery Stock Performance

The stock has a 50 day simple moving average of $28.18 and a two-hundred day simple moving average of $30.50.

About Tsingtao Brewery

Tsingtao Brewery Co, Ltd. is a Chinese beverage company best known for producing and selling beer under the Tsingtao brand. The company offers a range of lagers and other beer products, including its flagship Tsingtao beer and regional brands such as Laoshan. Its portfolio includes products designed for different tastes, occasions and price segments.

The company traces its history to 1903, when the brewery was established in Qingdao, Shandong Province. Tsingtao Brewery has since expanded beyond its original facility through a broader brewing, distribution and sales network serving markets throughout mainland China.