Yue Yuen Industrial (OTCMKTS:YUEIY) Stock Jumps 6.3% – What’s Next?

Shares of Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) traded up 6.3% on Friday. The stock traded as high as $8.3545 and last traded at $8.3545. 262 shares traded hands during trading, a decline of 95% from the average session volume of 4,790 shares. The stock had previously closed at $7.8615.

Yue Yuen Industrial Stock Performance

The company has a 50 day simple moving average of $8.34 and a 200 day simple moving average of $8.92.

About Yue Yuen Industrial

Yue Yuen Industrial Holdings Limited is a Hong Kong-based footwear manufacturer and a subsidiary of Pou Chen Corporation. The company provides original equipment manufacturing and original design manufacturing services for international athletic, casual, outdoor and sportswear brands.

Its activities include the design, development and production of athletic and casual shoes, as well as shoe soles, components and related materials. Yue Yuen also provides supply-chain, distribution and retail-related services through businesses connected with the footwear and sportswear industries.

Founded in 1988, Yue Yuen has developed a large international manufacturing and production network serving customers in major global markets.