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

Yue Yuen Industrial logo with Consumer Discretionary background

Key Points

  • Yue Yuen Industrial shares experienced a significant gap down opening, starting at $8.40, a drop from the previous close of $8.98.
  • The company has recently announced a dividend payment of $0.2046, yielding a remarkable 849.0%, payable on October 24th.
  • The firm operates as an original design manufacturer for a variety of global brands, including Nike, Adidas, and New Balance.
  • MarketBeat previews top five stocks to own in November.

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $8.98, but opened at $8.40. Yue Yuen Industrial shares last traded at $8.40, with a volume of 659 shares traded.

Yue Yuen Industrial Stock Performance

The firm's 50-day simple moving average is $8.56 and its 200 day simple moving average is $7.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.42 and a current ratio of 2.14.

Yue Yuen Industrial Cuts Dividend

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

Yue Yuen Industrial Company Profile

(Get Free Report)

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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