Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Up - Time to Buy?

Key Points

• Yue Yuen Industrial shares experienced a gap up in price, opening at $8.85 compared to a previous close of $8.50, with a trading volume of 360 shares.
• The company recently declared a dividend of $0.2046 per share, providing a notable dividend yield of 849.0%, which will be paid on October 24th.
• Yue Yuen Industrial specializes in manufacturing athletic and casual footwear for renowned international brands including adidas, Nike, and New Balance.

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $8.50, but opened at $8.85. Yue Yuen Industrial shares last traded at $8.85, with a volume of 360 shares trading hands.

Yue Yuen Industrial Price Performance

The firm has a 50 day moving average of $8.35 and a 200-day moving average of $7.83. 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 company also recently disclosed a dividend, which will be paid on Friday, October 24th. Investors of record on Tuesday, September 16th will be given a dividend of $0.2046 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a 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.