Yue Yuen Industrial (OTCMKTS:YUEIY) Stock Price Down 5.4% – Here’s What Happened

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY)’s share price fell 5.4% on Thursday . The stock traded as low as $8.95 and last traded at $8.99. 2,651 shares changed hands during trading, a decline of 48% from the average session volume of 5,134 shares. The stock had previously closed at $9.50.

Analysts Set New Price Targets

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

Yue Yuen Industrial Trading Up 1.8%

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 business has a 50 day moving average price of $9.86 and a 200 day moving average price of $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.