China Mengniu Dairy (OTCMKTS:CIADY) Trading Down 12.4% – Here’s Why

China Mengniu Dairy (OTCMKTS:CIADY)’s stock price fell 12.4% during trading on Monday . The company traded as low as $20.77 and last traded at $20.77. 577 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 8,844 shares. The stock had previously closed at $23.70.

Wall Street Analyst Weigh In

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

China Mengniu Dairy Trading Down 2.6%

The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.82. The company’s 50-day moving average is $20.42 and its two-hundred day moving average is $19.66.

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).