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

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) gapped down before the market opened on Wednesday . The stock had previously closed at $10.09, but opened at $9.40. Yue Yuen Industrial shares last traded at $9.40, with a volume of 261 shares traded.

Wall Street Analysts Forecast Growth

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

Yue Yuen Industrial Stock Down 2.0%

The company has a quick ratio of 1.37, a current ratio of 2.12 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $9.74 and its 200-day moving average price is $10.56.

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.