Yue Yuen Industrial (OTCMKTS:YUEIY) Sees Large Volume Increase – Still a Buy?

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) shares saw an uptick in trading volume on Thursday . 14,123 shares traded hands during mid-day trading, an increase of 170% from the previous session’s volume of 5,222 shares.The stock last traded at $9.0250 and had previously closed at $9.33.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut Yue Yuen Industrial from a “moderate sell” rating to a “strong sell” rating in a research report on Monday, March 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Yue Yuen Industrial currently has a consensus rating of “Sell”.

Yue Yuen Industrial Stock Performance

The stock has a fifty day simple moving average of $9.78 and a two-hundred day simple moving average of $10.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.12 and a quick ratio of 1.37.

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.