China Mengniu Dairy (OTCMKTS:CIADY – Get Free Report) shares gapped up before the market opened on Wednesday. The stock had previously closed at $23.05, but opened at $23.7780. China Mengniu Dairy shares last traded at $23.74, with a volume of 352 shares.
China Mengniu Dairy Stock Performance
The company has a 50-day moving average of $23.05 and a 200-day moving average of $22.27. The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 0.22.
About China Mengniu Dairy
China Mengniu Dairy Co, Ltd. is a major dairy products company headquartered in Hohhot, Inner Mongolia, China. Founded in 1999, the company develops, produces and distributes a broad range of dairy foods and beverages for consumers in China and selected international markets.
Mengniu’s product portfolio includes liquid milk, yogurt, ice cream, cheese and milk-based beverages, as well as infant formula and other nutrition products. Its portfolio includes the Mengniu brand and a number of specialized and premium product lines serving different consumer segments.
The company operates through an integrated dairy supply chain that includes milk sourcing, processing, manufacturing, marketing and distribution.
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