Tsingtao Brewery (OTCMKTS:TSGTY) Hits New 52-Week Low – Here’s Why

Tsingtao Brewery Co. (OTCMKTS:TSGTY)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $28.75 and last traded at $28.75, with a volume of 451 shares changing hands. The stock had previously closed at $31.32.

Tsingtao Brewery Stock Performance

The stock’s 50 day simple moving average is $32.54 and its two-hundred day simple moving average is $33.05.

About Tsingtao Brewery

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.