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Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Down - What's Next?

Yue Yuen Industrial logo with Consumer Discretionary background

Key Points

  • Yue Yuen Industrial Ltd. experienced a stock price decline, closing down 7.1%, opening at $8.65 after a previous close of $8.96.
  • The company's financial ratios indicate a quick ratio of 1.42, a current ratio of 2.17, and a low debt-to-equity ratio of 0.11.
  • Yue Yuen operates as an original design manufacturer for major brands like adidas and Nike, focusing on athletic and casual footwear.
  • MarketBeat previews top five stocks to own in October.

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $8.96, but opened at $8.65. Yue Yuen Industrial shares last traded at $8.68, with a volume of 2,028 shares traded.

Yue Yuen Industrial Stock Down 7.1%

The company has a quick ratio of 1.42, a current ratio of 2.17 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $8.21 and a 200-day moving average price of $7.95.

About Yue Yuen Industrial

(Get Free Report)

Yue Yuen Industrial (Holdings) Limited, an investment holding company, manufactures and sells athletic, athleisure, casual, and outdoor footwear in the People's Republic of China, rest of Asia, the United States, Europe, and internationally. The company operates as an original design manufacturer/original equipment manufacturer for various international brand names, such as adidas, Asics, New Balance, Nike, Salomon, and Timberland.

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