Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Up – Here’s What Happened

Shares of Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) gapped up before the market opened 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.

Analysts Set New Price Targets

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

Yue Yuen Industrial Trading Up 5.9%

The company has a quick ratio of 1.37, a current ratio of 2.12 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average price of $9.07 and a 200 day moving average price of $10.24.

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.