Yue Yuen Industrial (OTCMKTS:YUEIY) Trading Down 8.3% - Here's Why

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report) shares fell 8.3% during mid-day trading on Thursday . The company traded as low as $7.25 and last traded at $7.32. 648 shares were traded during mid-day trading, a decline of 86% from the average session volume of 4,507 shares. The stock had previously closed at $7.98.

Yue Yuen Industrial Trading Up 7.5%

The stock has a fifty day simple moving average of $7.46 and a 200-day simple moving average of $8.65. The company has a quick ratio of 1.42, a current ratio of 2.17 and a debt-to-equity ratio of 0.11.

Yue Yuen Industrial Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 9th were issued a $0.5074 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a yield of 9.63%. This is a positive change from Yue Yuen Industrial's previous dividend of $0.21.

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.