Tsingtao Brewery (OTCMKTS:TSGTY) Downgraded to “Strong Sell” Rating by Zacks Research

Tsingtao Brewery (OTCMKTS:TSGTY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

Tsingtao Brewery Stock Performance

Shares of TSGTY stock opened at $27.30 on Monday. The business’s 50 day simple moving average is $28.73 and its 200 day simple moving average is $30.97. Tsingtao Brewery has a one year low of $25.80 and a one year high of $36.69.

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.