Tsingtao Brewery (OTCMKTS:TSGTF) Stock Price Down 1.6%

Tsingtao Brewery Company Limited (OTCMKTS:TSGTF) shares traded down 1.6% during mid-day trading on Tuesday . The company traded as low as $8.43 and last traded at $8.43. 1,000 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 4,477 shares. The stock had previously closed at $8.57.

Separately, Sanford C. Bernstein upgraded Tsingtao Brewery from a “market perform” rating to an “outperform” rating in a report on Monday, August 9th.

The firm has a 50 day simple moving average of $7.98 and a two-hundred day simple moving average of $9.00.

About Tsingtao Brewery (OTCMKTS:TSGTF)

Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products worldwide. It operates through seven segments: Shandong Region; South China Region; North China Region; East China Region; Southeast China Region; Hong Kong, Macau and Other Overseas Region; and Finance Company.

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