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

Key Points

• Yue Yuen Industrial's stock price increased significantly, opening at $9.02 after closing at $8.52, marking a 7.1% rise before the market opened.
• The company recently announced a dividend of $0.2046 per share, with a stunning dividend yield of 849.0%, to be paid on October 24th.
• Yue Yuen Industrial specializes in manufacturing and selling footwear for major international brands like adidas, Nike, and New Balance.

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - )'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $8.52, but opened at $9.02. Yue Yuen Industrial shares last traded at $9.02, with a volume of 288 shares traded.

Yue Yuen Industrial Trading Up 7.1%

The firm's fifty day moving average price is $8.61 and its 200-day moving average price is $7.86. The company has a current ratio of 2.14, a quick ratio of 1.42 and a debt-to-equity ratio of 0.11.

Yue Yuen Industrial Cuts Dividend

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

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.

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