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

Shares of Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) gapped up before the market opened on Friday . The stock had previously closed at $8.99, but opened at $9.55. Yue Yuen Industrial shares last traded at $9.14, with a volume of 3,087 shares.

Wall Street Analysts Forecast Growth

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

Yue Yuen Industrial Trading Up 1.8%

The company has a debt-to-equity ratio of 0.08, a current ratio of 2.12 and a quick ratio of 1.37. The firm’s fifty day simple moving average is $9.86 and its 200-day simple moving average is $10.55.

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.