China Mengniu Dairy (OTCMKTS:CIADY) Shares Gap Down – What’s Next?

China Mengniu Dairy (OTCMKTS:CIADY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $19.00, but opened at $18.32. China Mengniu Dairy shares last traded at $18.25, with a volume of 1,839 shares traded.

Analyst Upgrades and Downgrades

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

China Mengniu Dairy Stock Down 3.7%

The business has a fifty day moving average of $18.76 and a 200-day moving average of $20.10. 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, 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.