Shares of China Mengniu Dairy (OTCMKTS:CIADY – Get Free Report) reached a new 52-week high on Friday. The stock traded as high as $25.00 and last traded at $25.00, with a volume of 988 shares traded. The stock had previously closed at $22.8810.
China Mengniu Dairy Stock Performance
The stock has a 50-day simple moving average of $23.06 and a 200 day simple moving average of $21.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.88 and a quick ratio of 0.77.
China Mengniu Dairy Company Profile
China Mengniu Dairy Company Limited is a China-based dairy producer engaged in the development, manufacture and distribution of dairy products. Its portfolio includes liquid milk, yogurt, ice cream, cheese, milk powder and other dairy-based foods and beverages, marketed under brands such as Mengniu and Yashili.
Founded in 1999 and headquartered in Hong Kong, Mengniu grew from a regional dairy business in Inner Mongolia into one of China’s major dairy companies. The company serves consumers throughout mainland China through retail stores, supermarkets, e-commerce platforms and food-service channels, while also selling selected products in international markets.
Mengniu’s operations include dairy farming and sourcing, product research and development, manufacturing, marketing and distribution.
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