China Feihe (OTCMKTS:CFEIY) Stock Price Up 4.8% – Here’s What Happened

China Feihe Limited (OTCMKTS:CFEIY)’s stock price rose 4.8% during trading on Friday . The company traded as high as $5.44 and last traded at $5.44. Approximately 733 shares traded hands during trading, a decline of 61% from the average daily volume of 1,900 shares. The stock had previously closed at $5.19.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut China Feihe from a “buy” rating to a “neutral” rating in a research note on Monday, September 1st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

China Feihe Trading Up 4.8%

The company’s fifty day simple moving average is $5.23 and its 200-day simple moving average is $5.87.

About China Feihe

China Feihe (OTCMKTS:CFEIY) is a leading manufacturer and distributor of infant formula and dairy products in the People’s Republic of China. Founded in the early 1960s in Heilongjiang province, the company has grown from a regional dairy processor into one of the nation’s foremost suppliers of nutritional products for infants, children, and adults. China Feihe’s core business revolves around the research, production, and sale of milk powder formulas designed to meet various life stage requirements, with particular emphasis on quality control and food safety standards.

The company’s product portfolio includes infant formula for newborns, stage-based follow-on formula, and specialized products such as goat milk formulas and probiotic-enhanced offerings.