Shares of Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report) saw unusually-strong trading volume on Monday. 1,373 shares traded hands during trading, an increase of 114% from the previous session’s volume of 641 shares. The stock last traded at $26.0450 and had previously closed at $26.3050.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut shares of Tsingtao Brewery from a “hold” rating to a “strong sell” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.
Check Out Our Latest Analysis on Tsingtao Brewery
Tsingtao Brewery Price Performance
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.
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