China Mengniu Dairy (OTCMKTS:CIADY) Shares Gap Down – Here’s Why

China Mengniu Dairy (OTCMKTS:CIADY) gapped down before the market opened on Friday . The stock had previously closed at $21.6290, but opened at $20.1455. China Mengniu Dairy shares last traded at $20.17, with a volume of 367 shares trading hands.

China Mengniu Dairy Trading Down 7.1%

The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $21.81 and its 200 day moving average is $20.70.

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).