Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Up – Still a Buy?

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) gapped up prior to trading on Monday . The stock had previously closed at $7.6870, but opened at $8.27. Yue Yuen Industrial shares last traded at $8.27, with a volume of 549 shares changing hands.

Wall Street Analyst Weigh In

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

Yue Yuen Industrial Trading Down 1.2%

The company has a current ratio of 2.12, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $9.02 and a 200-day simple moving average of $10.20.

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.