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Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Up - Still a Buy?

Yue Yuen Industrial logo with Consumer Discretionary background

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $7.46, but opened at $7.76. Yue Yuen Industrial shares last traded at $7.78, with a volume of 1,730 shares traded.

Yue Yuen Industrial Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.42 and a current ratio of 2.17. The stock has a 50-day moving average price of $7.40 and a 200-day moving average price of $8.73.

Yue Yuen Industrial Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 9th will be given a dividend of $0.5074 per share. This represents a dividend yield of 9.63%. This is a positive change from Yue Yuen Industrial's previous dividend of $0.21. The ex-dividend date is Friday, June 6th.

About Yue Yuen Industrial

(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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