Tsingtao Brewery (OTCMKTS:TSGTY) Shares Gap Up - Should You Buy?

Key Points

• Tsingtao Brewery's shares gapped up from $31.50 to $33.50 on Wednesday, reflecting a significant increase and a trading volume of 100 shares.
• The stock is currently trading up by 6.3%, and its 50-day and 200-day moving averages are $31.98 and $33.85, respectively.
• Tsingtao Brewery Company engages in the production, distribution, and sale of beer across seven different regions globally, including various parts of China and overseas markets.

Tsingtao Brewery Co. (OTCMKTS:TSGTY - ) shares gapped up before the market opened on Wednesday . The stock had previously closed at $31.50, but opened at $33.50. Tsingtao Brewery shares last traded at $33.50, with a volume of 100 shares changing hands.

Tsingtao Brewery Trading Up 6.3%

The stock has a 50-day moving average price of $31.98 and a 200-day moving average price of $33.85.

About Tsingtao Brewery

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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