China Mengniu Dairy (OTCMKTS:CIADY) Shares Gap Up – Time to Buy?
by Renee Jackson · The Cerbat GemChina Mengniu Dairy (OTCMKTS:CIADY – Get Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $20.1660, but opened at $20.80. China Mengniu Dairy shares last traded at $20.80, with a volume of 477 shares traded.
China Mengniu Dairy Stock Down 1.8%
The stock’s 50 day moving average price is $20.85 and its 200-day moving average price is $19.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.94.
About China Mengniu Dairy
China Mengniu Dairy Company Limited is one of the largest dairy product manufacturers in China, founded in 1999 and headquartered in Hohhot, Inner Mongolia. The company focuses on the production, processing and sale of a wide range of dairy products, leveraging modern dairy farming practices and vertically integrated operations to maintain quality and food safety standards.
Its product portfolio includes fresh liquid milk, UHT milk, yogurt, ice cream, milk powder and cheese, marketed under well-known brands such as Mengniu, Ambrosial and Yashili (in select segments).