Yue Yuen Industrial (OTCMKTS:YUEIY) Sees Large Volume Increase - Here's Why

Key Points

• Yue Yuen Industrial Ltd. experienced a decrease in trading volume, with 3,275 shares exchanged, down 24% from the previous day's volume of 4,315 shares, while the stock price rose to $8.40 from $8.22.
• The company announced a dividend yield of 849.0%, with a payment of $0.2046 scheduled for October 24, benefiting stockholders of record on September 16.
• Yue Yuen operates as an original design manufacturer for major brands like adidas, Nike, and New Balance, producing athletic and outdoor footwear for various global markets.

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - ) shares saw an uptick in trading volume on Tuesday . 3,275 shares traded hands during mid-day trading, a decline of 24% from the previous session's volume of 4,315 shares.The stock last traded at $8.40 and had previously closed at $8.22.

Yue Yuen Industrial Stock Up 1.1%

The company has a 50 day moving average price of $8.28 and a 200 day moving average price of $7.88. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.14 and a quick ratio of 1.42.

Yue Yuen Industrial Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 24th. Stockholders of record on Tuesday, September 16th will be paid a $0.2046 dividend. This represents a dividend yield of 849.0%. The ex-dividend date of this dividend is Monday, September 15th.

Yue Yuen Industrial Company Profile

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.

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