China Mengniu Dairy (OTCMKTS:CIADY) Trading 6.1% Higher – Here’s What Happened

Shares of China Mengniu Dairy (OTCMKTS:CIADY) traded up 6.1% on Monday . The company traded as high as $20.38 and last traded at $20.38. 18,659 shares traded hands during trading, a decline of 8% from the average session volume of 20,345 shares. The stock had previously closed at $19.20.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded China Mengniu Dairy from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

China Mengniu Dairy Stock Up 6.1%

The company’s 50 day simple moving average is $19.01 and its 200 day simple moving average is $19.66. The company has a quick ratio of 0.82, a current ratio of 0.94 and a debt-to-equity ratio of 0.24.

About China Mengniu Dairy

China Mengniu Dairy Company Limited is one of the largest dairy product manufacturers in China, founded in 1999 and headquartered in Hohhot, Inner Mongolia. The company focuses on the production, processing and sale of a wide range of dairy products, leveraging modern dairy farming practices and vertically integrated operations to maintain quality and food safety standards.

Its product portfolio includes fresh liquid milk, UHT milk, yogurt, ice cream, milk powder and cheese, marketed under well-known brands such as Mengniu, Ambrosial and Yashili (in select segments).