Yue Yuen Industrial (OTCMKTS:YUEIY) Stock Jumps 8.5% – Here’s What Happened

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY – Get Free Report) shares were up 8.5% on Friday. The company traded as high as $9.20 and last traded at $9.20. Approximately 999 shares changed hands during trading, a decline of 80% from the average daily volume of 4,944 shares. The stock had previously closed at $8.48.

Yue Yuen Industrial Stock Performance

The firm has a 50 day moving average price of $8.33 and a two-hundred day moving average price of $8.87.

About Yue Yuen Industrial

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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.

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