China Mengniu Dairy (OTCMKTS:CIADY) Hits New 12-Month High – Time to Buy?

China Mengniu Dairy (OTCMKTS:CIADY – Get Free Report) shares hit a new 52-week high on Tuesday. The stock traded as high as $27.4320 and last traded at $27.4320, with a volume of 814 shares changing hands. The stock had previously closed at $27.1660.

China Mengniu Dairy Trading Up 0.7%

The company has a debt-to-equity ratio of 0.22, a current ratio of 0.88 and a quick ratio of 0.77. The stock’s 50-day moving average price is $23.49 and its two-hundred day moving average price is $22.23.

China Mengniu Dairy Company Profile

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China Mengniu Dairy Company Limited is a Chinese dairy producer founded in 1999 and headquartered in Hohhot, Inner Mongolia. The company develops, manufactures and sells dairy products, with operations spanning product development, production and distribution. Its products include liquid milk, yogurt, ice cream, milk powder and other dairy foods. The company sells products under brands including Mengniu and Milk Deluxe. China Mengniu Dairy primarily serves consumers in mainland China and also has business activities in international markets.

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