Tsingtao Brewery (OTCMKTS:TSGTY) Sees Strong Trading Volume – Still a Buy?

Tsingtao Brewery Co. (OTCMKTS:TSGTY) shares saw an uptick in trading volume on Monday . Approximately 4,606 shares changed hands during mid-day trading, an increase of 753% from the previous session’s volume of 540 shares.The stock last traded at $26.05 and had previously closed at $25.22.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered 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 data from MarketBeat.com, the company currently has an average rating of “Sell”.

Tsingtao Brewery Stock Up 3.3%

The company has a 50 day moving average of $28.05 and a 200 day moving average of $30.37.

About Tsingtao Brewery

Tsingtao Brewery Co, Ltd. is a Chinese beverage company best known for producing and selling beer under the Tsingtao brand. The company offers a range of lagers and other beer products, including its flagship Tsingtao beer and regional brands such as Laoshan. Its portfolio includes products designed for different tastes, occasions and price segments.

The company traces its history to 1903, when the brewery was established in Qingdao, Shandong Province. Tsingtao Brewery has since expanded beyond its original facility through a broader brewing, distribution and sales network serving markets throughout mainland China.