Jefferies Financial Group Downgrades Yue Yuen Industrial (OTCMKTS:YUEIY) to Strong Sell

Yue Yuen Industrial (OTCMKTS:YUEIY) was downgraded by equities research analysts at Jefferies Financial Group from a “moderate sell” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

Yue Yuen Industrial Stock Performance

Shares of Yue Yuen Industrial stock opened at $10.20 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.42 and a current ratio of 2.14. The company has a fifty day simple moving average of $11.32 and a 200-day simple moving average of $10.18. Yue Yuen Industrial has a 12-month low of $6.22 and a 12-month high of $12.61.

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.