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

China Mengniu Dairy (OTCMKTS:CIADY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $21.1845, but opened at $20.25. China Mengniu Dairy shares last traded at $20.25, with a volume of 264 shares traded.

China Mengniu Dairy Trading Down 1.5%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.94. The stock’s 50-day simple moving average is $20.61 and its two-hundred day simple moving average is $19.60.

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).