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

Shares of Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) gapped down prior to trading on Thursday . The stock had previously closed at $11.8620, but opened at $11.0450. Yue Yuen Industrial shares last traded at $11.0450, with a volume of 162 shares trading hands.

Yue Yuen Industrial Trading Up 2.7%

The company has a current ratio of 2.14, a quick ratio of 1.42 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $11.03 and its 200-day simple moving average is $9.68.

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.