China Mengniu Dairy (OTCMKTS:CIADY – Get Free Report) shares dropped 2.1% during trading on Tuesday . The company traded as low as $21.70 and last traded at $21.7280. Approximately 4,467 shares changed hands during trading, a decline of 3% from the average session volume of 4,626 shares. The stock had previously closed at $22.20.
China Mengniu Dairy Price Performance
The company has a debt-to-equity ratio of 0.24, a current ratio of 1.00 and a quick ratio of 0.87. The firm has a 50-day moving average of $21.34 and a 200 day moving average of $21.01.
China Mengniu Dairy Company Profile
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).
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