China Feihe (OTCMKTS:CFEIY) Shares Up 4.8% – Here’s Why

China Feihe Limited (OTCMKTS:CFEIY)’s stock price rose 4.8% on Friday . The stock traded as high as $5.44 and last traded at $5.44. Approximately 733 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 1,900 shares. The stock had previously closed at $5.19.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered China Feihe from a “buy” rating to a “neutral” rating in a research report on Monday, September 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, China Feihe presently has an average rating of “Hold”.

China Feihe Stock Performance

The company has a 50 day moving average of $5.23 and a 200 day moving average of $5.85.

About China Feihe

China Feihe (OTCMKTS:CFEIY) is a leading manufacturer and distributor of infant formula and dairy products in the People’s Republic of China. Founded in the early 1960s in Heilongjiang province, the company has grown from a regional dairy processor into one of the nation’s foremost suppliers of nutritional products for infants, children, and adults. China Feihe’s core business revolves around the research, production, and sale of milk powder formulas designed to meet various life stage requirements, with particular emphasis on quality control and food safety standards.

The company’s product portfolio includes infant formula for newborns, stage-based follow-on formula, and specialized products such as goat milk formulas and probiotic-enhanced offerings.