China Mengniu Dairy (OTCMKTS:CIADY) Shares Gap Up – Here’s What Happened

China Mengniu Dairy (OTCMKTS:CIADY) gapped up before the market opened on Wednesday . The stock had previously closed at $21.29, but opened at $22.6650. China Mengniu Dairy shares last traded at $22.6650, with a volume of 198 shares.

Analyst Ratings Changes

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

China Mengniu Dairy Stock Up 3.4%

The firm’s 50 day simple moving average is $20.19 and its two-hundred day simple moving average is $19.62. The company has a quick ratio of 0.82, a current ratio of 0.94 and a debt-to-equity ratio of 0.24.

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).