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

Yue Yuen Industrial logo with Consumer Discretionary background

Key Points

  • Yue Yuen Industrial Ltd. shares gapped up to $8.52 from a previous close of $8.08, with a trading volume of 363 shares.
  • The company recently announced a $0.2046 dividend for stockholders, resulting in an impressive dividend yield of 849.0%.
  • Yue Yuen Industrial operates as an original design manufacturer for notable brands such as Nike and Adidas, specializing in athletic and casual footwear.
  • Five stocks to consider instead of Yue Yuen Industrial.

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $8.08, but opened at $8.52. Yue Yuen Industrial shares last traded at $8.52, with a volume of 363 shares.

Yue Yuen Industrial Stock Up 1.8%

The company's 50 day moving average is $8.40 and its 200 day moving average is $7.80. 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 announced a dividend, which will be paid on Friday, October 24th. Stockholders of record on Tuesday, September 16th will be paid a $0.2046 dividend. This represents a dividend yield of 849.0%. The ex-dividend date of this dividend is Monday, September 15th.

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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