China Mengniu Dairy (OTCMKTS:CIADY) Shares Gap Up – Should You Buy?

China Mengniu Dairy (OTCMKTS:CIADY) shares gapped up prior to trading 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 traded.

Analyst Upgrades and Downgrades

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

China Mengniu Dairy Stock Up 3.4%

The company has a fifty day moving average of $20.19 and a 200-day moving average of $19.62. The company has a current ratio of 0.94, a quick ratio of 0.82 and a debt-to-equity ratio of 0.24.

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).