Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Down - Here's What Happened

Key Points

• Yue Yuen Industrial shares gapped down before Monday trading, opening at $9.82 versus the prior close of $10.32 — a roughly 4.7% decline with only 300 shares changing hands.
• Jefferies downgraded the stock from "moderate sell" to "strong sell" on March 16, and MarketBeat shows a consensus rating of Sell.
• The stock is trading below both its 50-day ($10.94) and 200-day ($10.36) moving averages, indicating technical weakness, while fundamentals show low leverage (debt-to-equity 0.08) and solid liquidity (current ratio 2.12).

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $10.32, but opened at $9.82. Yue Yuen Industrial shares last traded at $9.82, with a volume of 300 shares traded.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut shares of Yue Yuen Industrial from a "moderate sell" rating to a "strong sell" rating in a research report on Monday, March 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Yue Yuen Industrial presently has a consensus rating of "Sell".

Yue Yuen Industrial Stock Down 4.7%

The company has a 50 day moving average price of $10.94 and a 200-day moving average price of $10.36. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.