China Mengniu Dairy (OTCMKTS:CIADY) Shares Gap Up – Here’s Why

China Mengniu Dairy (OTCMKTS:CIADY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $18.38, but opened at $19.13. China Mengniu Dairy shares last traded at $19.12, with a volume of 1,850 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised shares of China Mengniu Dairy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, China Mengniu Dairy currently has a consensus rating of “Hold”.

China Mengniu Dairy Stock Performance

The company has a quick ratio of 0.82, a current ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $18.73 and a two-hundred day simple moving average of $19.94.

About China Mengniu Dairy

China Mengniu Dairy Company Limited, an investment holding company, engages in the manufacture and distribution of dairy products under the MENGNIU brand in the People's Republic of China and internationally. It operates through Liquid Milk Business, Ice Cream Business, Milk Formula Business, and Cheese Business, and Other segments.