American Dairy lower on downbeat Barron's article
Shares of American Dairy (NYSE: ADY) are losing ground this morning after Barron’s said shares of the dairy products producer could keep falling amid questions surrounding the company's auditor and its business prospects.
According to the article, questions about the independence of the company's audits could complicate its search for additional funds, which it will need to fend off deep-pocketed competitors.
Shares of American Dairy (ADY) skidded 13.68%, or $1.94, to $12.06 at 9:51 a.m. ET. Shares of American Dairy have been trading in the range of $11.06 to $26.00 for the past 52 weeks.
