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Tsingtao Brewery (OTCMKTS:TSGTY) Stock Price Crosses Below 50 Day Moving Average - Should You Sell?

Tsingtao Brewery logo with Consumer Staples background

Tsingtao Brewery Co. (OTCMKTS:TSGTY - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $33.33 and traded as low as $33.15. Tsingtao Brewery shares last traded at $33.15, with a volume of 1,447 shares traded.

Tsingtao Brewery Stock Performance

The business has a 50 day simple moving average of $33.26 and a two-hundred day simple moving average of $34.12.

Tsingtao Brewery Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, May 26th were paid a dividend of $1.3332 per share. This represents a yield of 3.81%. 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.

Tsingtao Brewery Company Profile

(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.

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