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

Shares of Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) gapped down before the market opened on Thursday . The stock had previously closed at $8.4260, but opened at $7.90. Yue Yuen Industrial shares last traded at $7.93, with a volume of 4,421 shares.

Yue Yuen Industrial Stock Up 4.8%

The firm has a fifty day simple moving average of $8.62 and a 200-day simple moving average of $9.28. The company has a quick ratio of 1.37, a current ratio of 2.12 and a debt-to-equity ratio of 0.08.

Yue Yuen Industrial Company Profile

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.