China Mengniu Dairy Company Limited (OTCMKTS:CIADY – Get Free Report) dropped 1.8% during mid-day trading on Tuesday . The company traded as low as $22.84 and last traded at $22.97. Approximately 653 shares changed hands during trading, a decline of 90% from the average daily volume of 6,488 shares. The stock had previously closed at $23.39.
China Mengniu Dairy Stock Performance
The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.83 and a current ratio of 0.99. The stock’s 50 day moving average price is $23.84 and its 200-day moving average price is $22.66.
About China Mengniu Dairy
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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