Yue Yuen Industrial (OTCMKTS:YUEIY) Trading Down 6.8% – Here’s Why

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY)’s share price fell 6.8% during mid-day trading on Tuesday . The company traded as low as $7.61 and last traded at $7.61. Approximately 364 shares traded hands during trading, a decline of 93% from the average daily volume of 4,988 shares. The stock had previously closed at $8.1650.

Yue Yuen Industrial Trading Down 6.8%

The stock’s 50-day simple moving average is $8.59 and its 200 day simple moving average is $9.19. 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 Holdings Limited is a Hong Kong-based manufacturer of athletic and casual footwear and related products. The company primarily operates as an original equipment manufacturer and original design manufacturer, producing shoes and footwear components for many of the world’s leading sportswear and lifestyle brands.

Its products and capabilities include athletic shoes, casual shoes, shoe soles, uppers and other footwear components. Yue Yuen also provides research, development, design, engineering, production and supply-chain services.