Shares of Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report) gapped up prior to trading on Wednesday. The stock had previously closed at $25.60, but opened at $26.50. Tsingtao Brewery shares last traded at $26.00, with a volume of 224 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research lowered shares of Tsingtao Brewery from a “hold” rating to a “strong sell” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
Check Out Our Latest Research Report on Tsingtao Brewery
Tsingtao Brewery Stock Performance
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.
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