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

China Mengniu Dairy (OTCMKTS:CIADYGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $18.38, but opened at $19.13. China Mengniu Dairy shares last traded at $19.12, with a volume of 1,850 shares changing hands.

Analysts Set New Price Targets

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

Check Out Our Latest Report on CIADY

China Mengniu Dairy Stock Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.94. The firm’s fifty day moving average price is $18.71 and its 200 day moving average price is $19.99.

China Mengniu Dairy Company Profile

(Get Free Report)

China Mengniu Dairy Company Limited, an investment holding company, engages in the manufacture and distribution of dairy products under the MENGNIU brand in the People's Republic of China and internationally. It operates through Liquid Milk Business, Ice Cream Business, Milk Formula Business, and Cheese Business, and Other segments.

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