China Mengniu Dairy (OTCMKTS:CIADY – Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $21.6290, but opened at $20.1455. China Mengniu Dairy shares last traded at $20.17, with a volume of 367 shares changing hands.
China Mengniu Dairy Stock Down 7.4%
The firm has a fifty day moving average price of $21.83 and a 200 day moving average price of $20.70. The company has a current ratio of 1.00, a quick ratio of 0.87 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).
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