Yue Yuen Industrial (OTCMKTS:YUEIY) Sees Large Volume Increase – Time to Buy?

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) saw an uptick in trading volume on Friday . 20,106 shares traded hands during trading, an increase of 292% from the previous session’s volume of 5,131 shares.The stock last traded at $9.21 and had previously closed at $9.07.

Analysts Set New Price Targets

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

Yue Yuen Industrial Price Performance

The company has a 50 day moving average of $9.62 and a 200 day moving average of $10.51. The company has a quick ratio of 1.37, a current ratio of 2.12 and a debt-to-equity ratio of 0.08.

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.