China Mengniu Dairy (OTCMKTS:CIADY) Shares Gap Down – Time to Sell?

China Mengniu Dairy (OTCMKTS:CIADY)’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 trading hands.

China Mengniu Dairy Trading Down 1.4%

The company has a debt-to-equity ratio of 0.22, a current ratio of 0.88 and a quick ratio of 0.77. The firm’s 50 day simple moving average is $23.04 and its 200-day simple moving average is $22.34.

China Mengniu Dairy Company Profile

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.