Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Up – Here’s Why

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIYGet Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $9.42, but opened at $9.76. Yue Yuen Industrial shares last traded at $9.76, with a volume of 1,079 shares trading hands.

Yue Yuen Industrial Stock Up 3.6%

The stock has a fifty day simple moving average of $8.74 and a two-hundred day simple moving average of $8.11. The company has a quick ratio of 1.42, a current ratio of 2.14 and a debt-to-equity ratio of 0.11.

Yue Yuen Industrial Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 24th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.2046 per share. The ex-dividend date was Monday, September 15th. This represents a dividend yield of 849.0%.

Yue Yuen Industrial Company Profile

(Get Free Report)

Yue Yuen Industrial (Holdings) Limited, an investment holding company, manufactures and sells athletic, athleisure, casual, and outdoor footwear in the People’s Republic of China, rest of Asia, the United States, Europe, and internationally. The company operates as an original design manufacturer/original equipment manufacturer for various international brand names, such as adidas, Asics, New Balance, Nike, Salomon, and Timberland.

Further Reading

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