Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Down – Time to Sell?

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY – Get Free Report)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $9.0950, but opened at $8.62. Yue Yuen Industrial shares last traded at $8.62, with a volume of 246 shares trading hands.

Yue Yuen Industrial Stock Performance

The company has a 50 day simple moving average of $8.40 and a 200-day simple moving average of $9.50.

About Yue Yuen Industrial

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Yue Yuen Industrial (Holdings) Limited is a Taiwan-linked footwear manufacturer and a subsidiary of Pou Chen Corporation. Established in 1988 and listed in Hong Kong, the company primarily manufactures athletic, casual, outdoor and other types of footwear for international sportswear and lifestyle brands.

Yue Yuen provides original equipment manufacturing and original design manufacturing services, with capabilities covering product development, materials sourcing, footwear components, assembly and supply-chain management.

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