Tsingtao Brewery (OTCMKTS:TSGTY) Sees Unusually-High Trading Volume – Still a Buy?

Tsingtao Brewery Co. (OTCMKTS:TSGTY) shares saw unusually-strong trading volume on Monday . Approximately 417 shares were traded during mid-day trading, an increase of 18% from the previous session’s volume of 354 shares.The stock last traded at $31.85 and had previously closed at $28.75.

Tsingtao Brewery Stock Performance

The stock has a 50 day simple moving average of $32.39 and a 200 day simple moving average of $33.03.

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.