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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) gapped up prior to trading on Thursday . The stock had previously closed at $7.05, but opened at $7.62. Yue Yuen Industrial shares last traded at $7.62, with a volume of 588 shares.

Yue Yuen Industrial Price Performance

The stock has a fifty day simple moving average of $7.34 and a 200-day simple moving average of $8.87. 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 company also recently disclosed a dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 9th will be issued a dividend of $0.5074 per share. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from Yue Yuen Industrial's previous dividend of $0.21. This represents a dividend 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.

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