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

China Mengniu Dairy logo with Consumer Staples background

Key Points

  • China Mengniu Dairy's share price experienced a gap up, opening at $19.66 after closing at $19.04.
  • The company announced a dividend increase, paying shareholders $0.6371 per share, resulting in a dividend yield of 288.0%.
  • Mengniu Dairy operates in various segments, including liquid milk, ice cream, and cheese, distributing products under the MENGNIU brand both domestically and internationally.
  • Interested in China Mengniu Dairy? Here are five stocks we like better.

China Mengniu Dairy (OTCMKTS:CIADY - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $19.04, but opened at $19.66. China Mengniu Dairy shares last traded at $19.66, with a volume of 146 shares changing hands.

China Mengniu Dairy Stock Down 0.3%

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.97 and a quick ratio of 0.83. The firm has a fifty day moving average of $20.57 and a 200 day moving average of $22.44.

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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