Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Climb 5.3% – Still a Buy?

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) rose 5.3% during mid-day trading on Thursday. The stock traded as high as $8.81 and last traded at $8.81. Approximately 796 shares changed hands during trading, a decline of 83% from the average session volume of 4,734 shares. The stock had previously closed at $8.37.

Yue Yuen Industrial Price Performance

The firm’s 50-day simple moving average is $8.38 and its two-hundred day simple moving average is $9.37.

Yue Yuen Industrial Company Profile

Yue Yuen Industrial (Holdings) is a footwear manufacturer and supplier serving international athletic and casual footwear brands. The company produces finished shoes and related components, and provides product development and manufacturing services to brand customers. Founded in 1988, Yue Yuen is part of the Pou Chen Group. Its manufacturing operations are based primarily in Asia, and its products are supplied to markets around the world. Through its subsidiary Pou Sheng International, Yue Yuen also operates a retail business focused on sporting goods and apparel, particularly in mainland China.