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China Mengniu Dairy (OTCMKTS:CIADY) Shares Gap Down - Should You Sell?

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 to consider instead of China Mengniu Dairy.

China Mengniu Dairy (OTCMKTS:CIADY - Get Free Report) gapped down prior to trading 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 trading hands.

China Mengniu Dairy Stock Performance

The company has a quick ratio of 0.83, a current ratio of 0.97 and a debt-to-equity ratio of 0.37. The business's fifty day simple moving average is $20.57 and its 200-day simple moving average is $22.44.

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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