China Mengniu Dairy (OTCMKTS:CIADY – Get Free Report)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $23.23, but opened at $26.1917. China Mengniu Dairy shares last traded at $26.1917, with a volume of 501 shares trading hands.
China Mengniu Dairy Stock Up 4.0%
The stock’s fifty day moving average is $23.09 and its 200-day moving average is $22.01. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.77 and a current ratio of 0.88.
About China Mengniu Dairy
China Mengniu Dairy Company Limited is a China-based dairy producer engaged in the development, manufacture and distribution of dairy products. Its portfolio includes liquid milk, yogurt, ice cream, cheese, milk powder and other dairy-based foods and beverages, marketed under brands such as Mengniu and Yashili.
Founded in 1999 and headquartered in Hong Kong, Mengniu grew from a regional dairy business in Inner Mongolia into one of China’s major dairy companies. The company serves consumers throughout mainland China through retail stores, supermarkets, e-commerce platforms and food-service channels, while also selling selected products in international markets.
Mengniu’s operations include dairy farming and sourcing, product research and development, manufacturing, marketing and distribution.
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