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

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY)’s share price gapped down prior to trading 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 trading hands.

Analyst Ratings Changes

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 research analyst has rated the stock with a Sell rating, According to MarketBeat, Yue Yuen Industrial presently has a consensus rating of “Sell”.

Yue Yuen Industrial Trading Down 2.3%

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

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.