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China Mengniu Dairy (OTCMKTS:CIADY) Sees Strong Trading Volume - Still a Buy?

China Mengniu Dairy logo with Consumer Staples background

Key Points

  • China Mengniu Dairy (OTCMKTS:CIADY) experienced an increase in trading volume, with approximately 5,511 shares traded on Thursday, marking a 3% rise from the previous session.
  • The stock price for China Mengniu Dairy is currently at $18.29, down 1.6% from its previous close of $18.56.
  • The company manufactures and distributes various dairy products under the MENGNIU brand, operating through segments such as Liquid Milk, Ice Cream, and Milk Formula.
  • Five stocks to consider instead of China Mengniu Dairy.

China Mengniu Dairy (OTCMKTS:CIADY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 5,511 shares were traded during mid-day trading, an increase of 3% from the previous session's volume of 5,333 shares.The stock last traded at $18.29 and had previously closed at $18.56.

China Mengniu Dairy Stock Down 1.6%

The business's fifty day moving average is $20.42 and its two-hundred day moving average is $22.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.97 and a quick ratio of 0.83.

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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