This morning many investors are likely to look closely into the Yuka E-Commerce (OTCMKTS:YUKA) stock, which had managed to emerge as a major gainer on Tuesday and ended the day with gains of as much as 8%. The company, which operates as a fully owned subsidiary unit of Yuka Group Inc, was in the news yesterday after it announced that it had been successful in launching a new and advanced Cyro-Freeze System.
Trading Data
On Tuesday, YUKA stock gained 7.50% at $0.1720 with 40K shares, compared to its average volume of 3.4K shares. The stock moved within a range of $0.1540 – 0.2100 after opening trade at $0.21.
Yuka Group Inc. Releases Another in Demand Skincare Device to Nationally Syndicated TV Networks
The system in question is meant for sculpting enhancement for the full body. The company is known for having worked with a large number of brands in relation to products spanning across multiple categories.
However, in this regard it is also necessary to note that Yuka has largely been confined to the beauty space over the course of the past decade. Hence, the company is well aware of the latest trends in the industry and the sort of things that customers might want. In such a situation, it is perhaps not a surprise that the launch of a new product from Yuka E-Commerce has drawn the attention of investors in a significant fashion. It may be a good move to keep an eye on the stock today.
Key Quote
“Yuka has been the one stop shop for global recognition and sales within the e-commerce and retail world for brands looking to grow and expand their reach. With having access to an ever-growing list of platforms and sales channels we have managed to hold ties with multiple buyers to be at the front line of cutting edge technology. “said Meir Avitan.
Technical Data
YUKA stock is below the 20–Day and 50-Day Moving averages of $0.24 and $0.27 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.52.
