Tsingtao Brewery (OTCMKTS:TSGTY) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Tsingtao Brewery Co. (OTCMKTS:TSGTY)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $32.29 and traded as high as $34.61. Tsingtao Brewery shares last traded at $34.61, with a volume of 152 shares trading hands.

Tsingtao Brewery Stock Up 0.6%

The stock has a 50 day simple moving average of $32.29 and a two-hundred day simple moving average of $32.88.

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.