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

Shares of Tsingtao Brewery Co. (OTCMKTS:TSGTY) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $28.6343 and last traded at $28.6343, with a volume of 247 shares trading hands. The stock had previously closed at $31.03.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Tsingtao Brewery to a “hold” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Tsingtao Brewery Stock Down 4.6%

The stock has a 50 day simple moving average of $32.51 and a two-hundred day simple moving average of $32.45.

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.