Tsingtao Brewery (OTCMKTS:TSGTY) Sees Strong Trading Volume – Here’s Why

Shares of Tsingtao Brewery Co. (OTCMKTS:TSGTY) saw an uptick in trading volume on Monday . Approximately 4,606 shares traded hands during mid-day trading, an increase of 753% from the previous session’s volume of 540 shares.The stock last traded at $26.05 and had previously closed at $25.22.

Wall Street Analysts Forecast Growth

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

Tsingtao Brewery Stock Performance

The company’s 50 day moving average is $27.95 and its two-hundred day moving average is $30.26.

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.