Tsingtao Brewery (OTCMKTS:TSGTY) Hits New 1-Year Low – Should You Sell?

Tsingtao Brewery Co. (OTCMKTS:TSGTY)’s share price reached a new 52-week low on Monday. The stock traded as low as $24.55 and last traded at $24.55, with a volume of 217 shares changing hands. The stock had previously closed at $25.23.

Analysts Set New Price Targets

Separately, Zacks Research cut 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, Based on data from MarketBeat, Tsingtao Brewery presently has an average rating of “Sell”.

Tsingtao Brewery Stock Performance

The stock has a fifty day moving average price of $27.63 and a two-hundred day moving average price of $30.01.

About Tsingtao Brewery

Tsingtao Brewery Co, Ltd. is a China-based brewing company headquartered in Qingdao, Shandong Province. Founded in 1903, the company is one of China’s oldest and best-known beer producers and is recognized internationally for its Tsingtao beer brand.

The company produces and sells a range of beers, including lager, pilsner, craft-style and other specialty offerings under the Tsingtao and Laoshan brands, among others. Its products are distributed through supermarkets, restaurants, hospitality venues, retail outlets and other channels.

Tsingtao Brewery serves consumers throughout mainland China and exports its products to international markets.