Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Down – What’s Next?

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) shares gapped down before the market opened on Friday. The stock had previously closed at $8.81, but opened at $8.5025. Yue Yuen Industrial shares last traded at $8.5025, with a volume of 243 shares traded.

Yue Yuen Industrial Stock Performance

The firm has a 50-day moving average price of $8.39 and a 200 day moving average price of $9.36.

About Yue Yuen Industrial

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.