Yue Yuen Industrial (OTCMKTS:YUEIY) Stock Price Up 3.2% - Time to Buy?

Key Points

• Yue Yuen Industrial Ltd. saw its shares rise by 3.2% during mid-day trading, reaching a high of $8.26 before closing at $8.10.
• The company recently declared a new dividend of $0.5074, significantly increasing from the previous dividend of $0.21, translating to an extraordinary yield of 963.0%.
• Yue Yuen operates as a major original design manufacturer for well-known brands including adidas and Nike, selling athletic and casual footwear globally.

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report) traded up 3.2% on Tuesday . The company traded as high as $8.26 and last traded at $8.10. 3,909 shares changed hands during trading, a decline of 16% from the average session volume of 4,657 shares. The stock had previously closed at $7.85.

Yue Yuen Industrial Price 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 firm's fifty day moving average price is $7.54 and its 200-day moving average price is $8.30.

Yue Yuen Industrial Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 9th were given a $0.5074 dividend. This is a boost from Yue Yuen Industrial's previous dividend of $0.21. This represents a yield of 963.0%. The ex-dividend date was Friday, June 6th.

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.