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Tsingtao Brewery (OTCMKTS:TSGTY) Stock Crosses Below Fifty Day Moving Average - Here's What Happened

Tsingtao Brewery logo with Consumer Staples background

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.
  • Interested in Tsingtao Brewery? Here are five stocks we like better.

Tsingtao Brewery Co. (OTCMKTS:TSGTY - Get Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

Tsingtao Brewery Stock Performance

The firm has a 50-day simple moving average of $32.24 and a 200 day simple moving average of $34.01.

About Tsingtao Brewery

(Get Free Report)

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.

Further Reading

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