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Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Down - Should You Sell?

Yue Yuen Industrial logo with Consumer Discretionary background

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report)'s stock price gapped down prior to trading 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 changing hands.

Yue Yuen Industrial Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.17 and a quick ratio of 1.42. The business's 50-day simple moving average is $7.46 and its two-hundred day simple moving average is $8.65.

Yue Yuen Industrial Increases Dividend

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

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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