Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Down - What's Next?

Key Points

• Yue Yuen Industrial's shares gapped down before market opening, declining from a previous close of $8.72 to an opening price of $8.39.
• The company declared a new dividend of $0.5074 per share, significantly up from the previous dividend of $0.21, reflecting a yield of 963.0%.
• Yue Yuen Industrial specializes in manufacturing and selling various types of footwear, operating as an original design manufacturer for well-known brands like adidas and Nike.

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $8.72, but opened at $8.39. Yue Yuen Industrial shares last traded at $8.39, with a volume of 178 shares changing hands.

Yue Yuen Industrial Trading Up 7.6%

The stock has a 50 day moving average of $7.78 and a 200-day moving average of $8.13. 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 company also recently disclosed a dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 9th were paid a $0.5074 dividend. The ex-dividend date was Friday, June 6th. This represents a yield of 963.0%. This is an increase 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.