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

Yue Yuen Industrial logo with Consumer Discretionary background

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $7.93, but opened at $7.69. Yue Yuen Industrial shares last traded at $7.69, with a volume of 284 shares.

Yue Yuen Industrial Price Performance

The company's 50 day moving average price is $7.45 and its 200-day moving average price is $8.67. 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. Shareholders of record on Monday, June 9th were given a $0.5074 dividend. This represents a yield of 9.63%. This is an increase from Yue Yuen Industrial's previous dividend of $0.21. The ex-dividend date of this dividend was Friday, June 6th.

About Yue Yuen Industrial

(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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