Thai Beverage Public (OTCMKTS:TBVPY) Trading Down 4.8% – Should You Sell?

Shares of Thai Beverage Public Company Limited (OTCMKTS:TBVPY) dropped 4.8% on Tuesday . The company traded as low as $36.84 and last traded at $36.84. Approximately 300 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 500 shares. The stock had previously closed at $38.70.

Thai Beverage Public Price Performance

The business has a 50-day moving average of $34.37 and a 200 day moving average of $36.30.

About Thai Beverage Public

Thai Beverage Public Company Limited, known as ThaiBev, is one of Southeast Asia’s leading beverage companies. Established in 2003, the company is principally engaged in the production, marketing and distribution of alcoholic beverages, non-alcoholic drinks and food products. Its portfolio includes spirits brands such as Mekhong, SangSom and Hong Thong, beer offerings including Chang and Archa, as well as a range of ready-to-drink and non-alcoholic beverages comprising bottled water, juices and green tea.

In addition to its core beverage operations, ThaiBev has diversified interests in packaging, distribution and property.