China Mengniu Dairy (OTCMKTS:CIADY) Shares Gap Up – Still a Buy?

China Mengniu Dairy (OTCMKTS:CIADY) shares gapped up prior to trading on Monday . The stock had previously closed at $18.38, but opened at $19.13. China Mengniu Dairy shares last traded at $19.12, with a volume of 1,850 shares changing hands.

Analyst Ratings Changes

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

China Mengniu Dairy Stock Performance

The company has a quick ratio of 0.82, a current ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average price of $18.71 and a 200 day moving average price of $19.99.

China Mengniu Dairy Company Profile

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.