China Mengniu Dairy (OTCMKTS:CIADY – Get Free Report)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $23.7450, but opened at $22.9025. China Mengniu Dairy shares last traded at $22.9025, with a volume of 374 shares.
China Mengniu Dairy Price Performance
The business’s 50 day moving average is $23.05 and its 200 day moving average is $22.35. 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 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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