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

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) gapped down before the market opened on Friday . The stock had previously closed at $11.4850, but opened at $11.1450. Yue Yuen Industrial shares last traded at $11.1450, with a volume of 220 shares traded.

Yue Yuen Industrial Stock Performance

The stock’s 50 day simple moving average is $9.87 and its two-hundred day simple moving average is $8.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.14 and a quick ratio of 1.42.

Yue Yuen Industrial Company Profile

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.