China Mengniu Dairy (OTCMKTS:CIADY) Trading 4.9% Higher – Should You Buy?

China Mengniu Dairy (OTCMKTS:CIADY) shares were up 4.9% during trading on Friday . The stock traded as high as $21.80 and last traded at $21.78. Approximately 1,222 shares were traded during trading, a decline of 85% from the average daily volume of 8,180 shares. The stock had previously closed at $20.7560.

China Mengniu Dairy Stock Performance

The company has a current ratio of 0.94, a quick ratio of 0.82 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $20.87 and a 200-day simple moving average of $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).