NYSE Regulation Downgrades Duoyuan Printing, Inc. (NYSE:DYP), (PINK:DYNP) to the OTC Market

As of yesterday, the stock of Duoyuan Printing, Inc. (NYSE:DYP), (PINK:DYNP, DYNP message board) is longer traded on the New York Stock Exchange. Instead, it resumed trading on the Over-The-Counter market.

The decision, which was taken by the NYSE Regulation on Mar. 28, has so far had dire consequences for the company's stock. Ever since it was made public, DYP stock crashed down from $1.6 to $0.91, losing a total of 44% of its value. What is more, the slump has been accompanied by consistent levels of high turnover. More than 3.6 million shares of DYNP stock have changed hands for the last five sessions alone.

The company already expressed its bitter disappointment and expects to fix its financials that have now been long overdue. In this respect, DYNP has already launched an internal investigation, as well as an audit. Obviously, the ultimate purpose of the company is to regain its NYSE status as soon as possible.

Duoyuan Printing, Inc. pretends to be specialized in the manufacturing of printing equipment using its China-based facilities. It entered the offset equipment business 18 years ago. The company used to be a regular SEC filer. Last September, however, DYPN dismissed its public accounting firm on suspicion of "certain issues raised" by the latter. These circumstances have now considerably delayed the submission of the corresponding financial reports, hence the negative determination of the NYSE Regulation.

Even if DYNP filed its outstanding reports today, it would take a while before its stock regains its NYSE status. Until then, DYNP free-fall on the OTC market will probably continue to gather momentum. Unless the company comes up with some really viable news, it will hardly manage to buck the sheer negative trend which commenced last week.