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

Tsingtao Brewery Co. (OTCMKTS:TSGTYGet Free Report) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $29.80 and last traded at $29.80, with a volume of 205 shares changing hands. The stock had previously closed at $32.25.

Tsingtao Brewery Stock Down 6.4%

The company’s 50 day moving average price is $34.13 and its 200 day moving average price is $32.98.

About Tsingtao Brewery

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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.

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