Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Up – Still a Buy?

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) gapped up before the market opened on Friday . The stock had previously closed at $8.36, but opened at $9.0175. Yue Yuen Industrial shares last traded at $9.0175, with a volume of 260 shares trading hands.

Yue Yuen Industrial Stock Up 8.9%

The company’s 50-day moving average price is $8.57 and its two-hundred day moving average price is $9.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.12 and a quick ratio of 1.37.

About Yue Yuen Industrial

Yue Yuen Industrial (OTCMKTS: YUEIY) is one of the world’s leading footwear manufacturers, specializing in the design, development, production and distribution of athletic, casual and performance footwear. As an original design manufacturer (ODM) and original equipment manufacturer (OEM), the company partners with many of the globe’s most recognizable sportswear brands, providing end-to-end solutions that range from material sourcing and prototype development to mass production and quality assurance.

The company’s product portfolio encompasses a broad spectrum of footwear categories, including running shoes, basketball sneakers, outdoor footwear and lifestyle models.