Yue Yuen Industrial (OTCMKTS:YUEIF) Trading 6.7% Higher – Should You Buy?

Shares of Yue Yuen Industrial (Holdings) Limited (OTCMKTS:YUEIF) shot up 6.7% during mid-day trading on Tuesday . The stock traded as high as $2.08 and last traded at $2.08. 1,000 shares changed hands during trading, an increase of 300% from the average session volume of 250 shares. The stock had previously closed at $1.95.

Yue Yuen Industrial Trading Up 6.7%

The business has a 50-day moving average price of $2.10 and a two-hundred day moving average price of $1.85.

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.