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

Shares of Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report) 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 traded.

Yue Yuen Industrial Stock Performance

The company has a current ratio of 2.17, a quick ratio of 1.42 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $7.45 and a two-hundred day moving average of $8.70.

Yue Yuen Industrial Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 9th were issued a dividend of $0.5074 per share. The ex-dividend date of this dividend was Friday, June 6th. This is an increase from Yue Yuen Industrial's previous dividend of $0.21. This represents a yield of 9.63%.

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.