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

China Mengniu Dairy (OTCMKTS:CIADY)’s share 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 trading hands.

Wall Street Analysts Forecast Growth

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

China Mengniu Dairy Stock Performance

The business has a fifty day simple moving average of $20.37 and a two-hundred day simple moving average of $19.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.94.

About China Mengniu Dairy

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).