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Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Up - Should You Buy?

Yue Yuen Industrial logo with Consumer Discretionary background

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $7.09, but opened at $7.38. Yue Yuen Industrial shares last traded at $7.38, with a volume of 817 shares.

Yue Yuen Industrial Stock Performance

The business's 50 day moving average price is $7.32 and its 200-day moving average price is $9.13. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.42 and a current ratio of 2.17.

Yue Yuen Industrial Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 9th will be issued a $0.5074 dividend. The ex-dividend date of this dividend is Friday, June 6th. This is a boost from Yue Yuen Industrial's previous dividend of $0.21. This represents a 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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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