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Yue Yuen Industrial (OTCMKTS:YUEIY) Trading 11.6% Higher - Still a Buy?

Yue Yuen Industrial logo with Consumer Discretionary background

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report) traded up 11.6% during mid-day trading on Friday . The stock traded as high as $7.89 and last traded at $7.89. 454 shares were traded during mid-day trading, a decline of 90% from the average session volume of 4,594 shares. The stock had previously closed at $7.07.

Yue Yuen Industrial Stock Performance

The company has a current ratio of 2.17, a quick ratio of 1.42 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $7.33 and a 200-day moving average price of $8.94.

Yue Yuen Industrial Increases Dividend

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

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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