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

Shares of Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) gapped up prior to trading on Wednesday . The stock had previously closed at $11.37, but opened at $11.99. Yue Yuen Industrial shares last traded at $11.99, with a volume of 328 shares traded.

Yue Yuen Industrial Stock Performance

The stock has a 50-day simple moving average of $11.28 and a 200 day simple moving average of $10.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.14 and a quick ratio of 1.42.

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.