Yue Yuen Industrial (OTCMKTS:YUEIY) Sees Strong Trading Volume - Here's Why

Key Points

• Yue Yuen Industrial experienced a trading volume surge of 474%, with 27,218 shares traded on Thursday compared to 4,740 shares previously, and the stock price rose by 4.8% to $8.25.
• The company announced a significant increase in its dividend, boosting it from $0.21 to $0.5074, resulting in an impressive dividend yield of 963.0%.
• Yue Yuen Industrial operates as an original design manufacturer for major brands like adidas, Nike, and New Balance, focusing on athletic and casual footwear globally.

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - ) shares saw strong trading volume on Thursday . 27,218 shares were traded during mid-day trading, an increase of 474% from the previous session's volume of 4,740 shares.The stock last traded at $8.25 and had previously closed at $7.73.

Yue Yuen Industrial Stock Up 4.8%

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.17 and a quick ratio of 1.42. The business's 50 day simple moving average is $7.54 and its 200 day simple moving average is $8.30.

Yue Yuen Industrial Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 9th were given a $0.5074 dividend. The ex-dividend date of this dividend was Friday, June 6th. This is a boost from Yue Yuen Industrial's previous dividend of $0.21. This represents a dividend yield of 963.0%.

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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