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China Mengniu Dairy (OTCMKTS:CIADY) Shares Gap Down - What's Next?

China Mengniu Dairy logo with Consumer Staples background

Key Points

  • China Mengniu Dairy shares gapped down from a previous close of $19.66 to open at $18.84, indicating a decline in stock performance.
  • The company's financial metrics reveal a quick ratio of 0.83, a current ratio of 0.97, and a debt-to-equity ratio of 0.37, suggesting some liquidity and leverage concerns.
  • China Mengniu Dairy operates in multiple segments, including Liquid Milk, Ice Cream, Milk Formula, and Cheese, indicating a diversified dairy product portfolio.
  • Five stocks we like better than China Mengniu Dairy.

China Mengniu Dairy (OTCMKTS:CIADY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $19.66, but opened at $18.84. China Mengniu Dairy shares last traded at $18.84, with a volume of 107 shares.

China Mengniu Dairy Stock Up 0.9%

The firm has a 50 day moving average price of $20.53 and a 200-day moving average price of $22.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.97.

About China Mengniu Dairy

(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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