China Mengniu Dairy (OTCMKTS:CIADY) Shares Gap Down – Should You Sell?

China Mengniu Dairy (OTCMKTS:CIADY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $19.99, but opened at $19.23. China Mengniu Dairy shares last traded at $19.22, with a volume of 1,630 shares.

Analysts Set New Price Targets

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

China Mengniu Dairy Trading Down 3.1%

The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.82. The company’s 50-day moving average is $19.13 and its two-hundred day moving average is $19.64.

About China Mengniu Dairy

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).