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Yue Yuen Industrial (OTCMKTS:YUEIY) Trading Down 8.6% - Here's Why

Yue Yuen Industrial logo with Consumer Discretionary background

Key Points

  • Yue Yuen Industrial Ltd. experienced a significant drop in stock price, falling 8.6% to $8.20 on Monday, with trading volume declining by 90% compared to its average.
  • The company announced an increase in its dividend, with a recent payout of $0.5074 per share, resulting in a substantial dividend yield of 963.0% compared to the previous payout of $0.21.
  • Yue Yuen operates as a manufacturer for various international footwear brands and has strong liquidity ratios with a current ratio of 2.17.
  • Want stock alerts on Yue Yuen Industrial? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report)'s stock price dropped 8.6% on Monday . The company traded as low as $8.20 and last traded at $8.20. Approximately 478 shares traded hands during trading, a decline of 90% from the average daily volume of 4,605 shares. The stock had previously closed at $8.97.

Yue Yuen Industrial Stock Performance

The business has a 50 day simple moving average of $7.69 and a 200 day simple moving average of $8.13. 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 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 represents a yield of 963.0%. This is a boost from Yue Yuen Industrial's previous dividend of $0.21. The ex-dividend date was Friday, June 6th.

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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