Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Down – Here’s What Happened

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $9.40, but opened at $8.89. Yue Yuen Industrial shares last traded at $9.1850, with a volume of 9,063 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group downgraded shares of Yue Yuen Industrial from a “moderate sell” rating to a “strong sell” rating in a research note on Monday, March 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Yue Yuen Industrial Stock Performance

The company has a current ratio of 2.12, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $10.00 and a 200 day moving average price of $10.56.

Yue Yuen Industrial Company Profile

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.