Budweiser Brewing Company APAC (OTCMKTS:BDWBF) Stock Jumps 13.3% – What’s Next?

Shares of Budweiser Brewing Company APAC Limited (OTCMKTS:BDWBF – Get Free Report) were up 13.3% during trading on Friday. The stock traded as high as $0.7648 and last traded at $0.7648. Approximately 200 shares were traded during trading, a decline of 99% from the average session volume of 37,833 shares. The stock had previously closed at $0.6751.

Budweiser Brewing Company APAC Price Performance

The stock’s 50-day moving average price is $0.75 and its 200 day moving average price is $0.83.

Budweiser Brewing Company APAC Company Profile

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Budweiser Brewing Company APAC Limited is a beer producer and distributor focused on the Asia-Pacific region. The company is a subsidiary of Anheuser-Busch InBev and operates a portfolio of international, premium, and local beer brands across multiple Asian markets.

Its brand portfolio includes Budweiser, Stella Artois, Corona, Hoegaarden, Beck’s, Michelob ULTRA, Harbin, and other regional brands. The company sells beer through retail, hospitality, entertainment, and e-commerce channels, serving consumers in markets that include China, India, South Korea, Vietnam, and other Asia-Pacific countries.

Budweiser Brewing Company APAC was established as part of Anheuser-Busch InBev’s separation of its Asia-Pacific operations and completed its listing on the Hong Kong Stock Exchange in 2019.

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