China Mengniu Dairy (OTCMKTS:CIADY) Shares Gap Down – Should You Sell?

by · The Cerbat Gem

China Mengniu Dairy (OTCMKTS:CIADY – Get Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $22.10, but opened at $21.31. China Mengniu Dairy shares last traded at $21.31, with a volume of 200 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded China Mengniu Dairy from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, China Mengniu Dairy presently has a consensus rating of “Hold”.

View Our Latest Report on CIADY

China Mengniu Dairy Trading Down 9.8%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.94. The business has a 50 day moving average price of $20.37 and a 200-day moving average price of $19.67.

China Mengniu Dairy Company Profile

(Get Free Report)

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).

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