China Mengniu Dairy (OTCMKTS:CIADY) Shares Gap Down – Here’s What Happened

Shares of China Mengniu Dairy (OTCMKTS:CIADY) gapped down before the market opened on Friday . The stock had previously closed at $19.99, but opened at $19.23. China Mengniu Dairy shares last traded at $19.22, with a volume of 1,630 shares changing hands.

Analyst Upgrades and Downgrades

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

China Mengniu Dairy Stock Performance

The company has a 50 day moving average of $19.11 and a two-hundred day moving average of $19.66. The company has a quick ratio of 0.82, a current ratio of 0.94 and a debt-to-equity ratio of 0.24.

China Mengniu Dairy Company Profile

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).