Tsingtao Brewery (OTCMKTS:TSGTY) Stock Price Passes Below 50 Day Moving Average - What's Next?

Key Points

• Tsingtao Brewery's stock price fell below its 50-day moving average of $32.35, trading at $32.25 with a volume of 5,055 shares.
• The company recently announced an increase in its dividend to $1.3332 per share, representing a significant yield of 381.0%.
• Tsingtao Brewery engages in the production and distribution of beer products across several regions including Shandong, South China, and Hong Kong.

Tsingtao Brewery Co. (OTCMKTS:TSGTY - )'s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $32.35 and traded as low as $32.25. Tsingtao Brewery shares last traded at $32.25, with a volume of 5,055 shares.

Tsingtao Brewery Stock Up 2.9%

The stock's 50 day moving average price is $32.35 and its two-hundred day moving average price is $33.97.

Tsingtao Brewery Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, May 26th were issued a dividend of $1.3332 per share. The ex-dividend date of this dividend was Friday, May 23rd. This is a positive change from Tsingtao Brewery's previous dividend of $1.22. This represents a yield of 381.0%.

Tsingtao Brewery Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.