Yue Yuen Industrial (OTCMKTS:YUEIF) Trading 35.3% Higher – Here’s Why

Yue Yuen Industrial (Holdings) Limited (OTCMKTS:YUEIF) shot up 35.3% during trading on Friday . The stock traded as high as $2.18 and last traded at $2.18. 1,000 shares traded hands during trading, a decline of 66% from the average session volume of 2,980 shares. The stock had previously closed at $1.6110.

Yue Yuen Industrial Stock Up 35.3%

The firm’s fifty day moving average price is $1.64 and its 200 day moving average price is $1.61.

Yue Yuen Industrial Company Profile

Yue Yuen Industrial (OTCMKTS:YUEIF) is a global leader in contract footwear manufacturing, serving major athletic, casual and outdoor brands. As a subsidiary of the Taiwan-based Pou Chen Group, the company specializes in high‐volume production of athletic shoes and components, including injection‐molded midsoles, rubber outsoles and full shoe assembly. It provides end-to-end services from design collaboration and material sourcing to quality assurance and logistics support.

The company’s manufacturing network spans Asia and the Americas, with production facilities and research centers in Mainland China, Vietnam, Indonesia and Cambodia, as well as plants in Mexico and El Salvador.