Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Down 8.8% – Here’s Why

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) shares traded down 8.8% on Thursday . The stock traded as low as $7.75 and last traded at $7.75. Approximately 751 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 5,001 shares. The stock had previously closed at $8.50.

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 business has a 50-day moving average price of $8.62 and a 200-day moving average price of $9.38.

Yue Yuen Industrial Company Profile

Yue Yuen Industrial Holdings Limited is a Hong Kong-based manufacturer of athletic and casual footwear and related products. The company primarily operates as an original equipment manufacturer and original design manufacturer, producing shoes and footwear components for many of the world’s leading sportswear and lifestyle brands.

Its products and capabilities include athletic shoes, casual shoes, shoe soles, uppers and other footwear components. Yue Yuen also provides research, development, design, engineering, production and supply-chain services.