Tsingtao Brewery (OTCMKTS:TSGTY) Stock Rating Lowered by Zacks Research

Tsingtao Brewery (OTCMKTS:TSGTY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday, Zacks reports.

Tsingtao Brewery Price Performance

TSGTY stock opened at $27.30 on Monday. Tsingtao Brewery has a 12 month low of $25.80 and a 12 month high of $36.69. The firm’s 50-day moving average is $28.73 and its 200 day moving average is $30.97.

Tsingtao Brewery Company Profile

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.