China Mengniu Dairy (OTCMKTS:CIADY) Hits New 1-Year Low - Here's What Happened

Key Points

• China Mengniu Dairy shares reached a new 52-week low of $18.40, down 2.0% from the previous close of $18.77.
• The company has a solid debt-to-equity ratio of 0.37 and liquidity ratios suggesting a tight cash flow situation with a quick ratio of 0.83 and a current ratio of 0.97.
• China Mengniu Dairy operates multiple segments including Liquid Milk, Ice Cream, and Milk Formula, distributing its products both domestically in China and internationally.

China Mengniu Dairy (OTCMKTS:CIADY - )'s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $18.40 and last traded at $18.40, with a volume of 721 shares changing hands. The stock had previously closed at $18.77.

China Mengniu Dairy Trading Down 2.0%

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.97. The stock has a 50 day simple moving average of $20.46 and a two-hundred day simple moving average of $22.27.

China Mengniu Dairy Company Profile

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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