Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Down - Here's Why

Key Points

• Yue Yuen Industrial's stock price gapped down from $8.85 to $8.50 at market open on Monday, with a small trading volume of 503 shares.
• The company announced a dividend of $0.2046 per share, resulting in an impressive yield of 849.0%, with payment scheduled for October 24th.
• Yue Yuen Industrial operates as a manufacturer and seller of footwear for major brands like adidas, Nike, and New Balance, focusing on athletic and casual segments.

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $8.85, but opened at $8.50. Yue Yuen Industrial shares last traded at $8.50, with a volume of 503 shares.

Yue Yuen Industrial Price Performance

The business's 50-day moving average is $8.35 and its 200-day moving average is $7.83. The company has a current ratio of 2.14, a quick ratio of 1.42 and a debt-to-equity ratio of 0.11.

Yue Yuen Industrial Cuts Dividend

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

About Yue Yuen Industrial

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.