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

Key Points

• Yue Yuen Industrial shares saw a **gap up** in trading, opening at **$8.96** after closing at **$8.40**, with a total trading volume of **600 shares**.
• The company announced a **dividend cut**, declaring a dividend of **$0.2046 per share** to be paid on **October 24th**, reflecting a remarkably high **dividend yield of 849.0%**.
• Yue Yuen operates as an **original design manufacturer** for leading brands like **Nike** and **adidas**, focusing on the production of athletic and casual footwear internationally.

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - ) shares gapped up prior to trading on Wednesday . The stock had previously closed at $8.40, but opened at $8.96. Yue Yuen Industrial shares last traded at $8.96, with a volume of 600 shares traded.

Yue Yuen Industrial Stock Up 2.3%

The company has a 50 day simple moving average of $8.53 and a 200-day simple moving average of $7.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.14 and a quick ratio of 1.42.

Yue Yuen Industrial Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 24th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.2046 per share. This represents a dividend yield of 849.0%. The ex-dividend date is Monday, September 15th.

About Yue Yuen Industrial

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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