Yue Yuen Industrial (OTCMKTS:YUEIF) Shares Down 6.4% – Here’s Why

Yue Yuen Industrial (Holdings) Limited (OTCMKTS:YUEIF) traded down 6.4% on Friday . The stock traded as low as $1.46 and last traded at $1.46. 5,265 shares traded hands during mid-day trading, an increase of 185% from the average daily volume of 1,847 shares. The stock had previously closed at $1.56.

Yue Yuen Industrial Stock Performance

The firm has a 50 day moving average of $1.73 and a 200-day moving average of $1.96.

About Yue Yuen Industrial

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.