Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Up 3.2% - Should You 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) shares shot up 3.2% on Tuesday . The company traded as high as $8.26 and last traded at $8.10. 3,909 shares were traded during mid-day 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 Stock Performance

The stock has a 50 day moving average of $7.56 and a two-hundred day moving average of $8.26. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.17 and a quick ratio of 1.42.

Yue Yuen Industrial Increases Dividend

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

About Yue Yuen Industrial

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.