Yue Yuen Industrial (OTCMKTS:YUEIY) Stock Price Up 8.5% – Should You Buy?

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) shares shot up 8.5% during trading on Friday. The company traded as high as $9.20 and last traded at $9.20. Approximately 999 shares traded hands during mid-day 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 Down 1.3%

The company’s 50 day moving average price is $8.33 and its 200-day moving average price is $8.87.

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.