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Yue Yuen Industrial (OTCMKTS:YUEIY) Trading Up 5.4% - Here's Why

Yue Yuen Industrial logo with Consumer Discretionary background

Key Points

  • Yue Yuen Industrial Ltd. saw a share price increase of 5.4%, reaching a last trading price of $8.44, despite a significant decline in trading volume.
  • The company declared a new dividend of $0.5074 per share, equating to a 9.63% dividend yield, which is an increase from the previous $0.21 dividend.
  • Yue Yuen operates as an original design manufacturer for notable brands including Nike, New Balance, and adidas in various international markets.
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Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report)'s share price was up 5.4% during trading on Monday . The company traded as high as $8.44 and last traded at $8.44. Approximately 730 shares were traded during trading, a decline of 84% from the average daily volume of 4,691 shares. The stock had previously closed at $8.01.

Yue Yuen Industrial Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.17 and a quick ratio of 1.42. The stock has a fifty day simple moving average of $7.51 and a 200-day simple moving average of $8.40.

Yue Yuen Industrial Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 9th were paid a dividend of $0.5074 per share. This represents a dividend yield of 9.63%. This is an increase from Yue Yuen Industrial's previous dividend of $0.21. The ex-dividend date of this dividend was Friday, June 6th.

Yue Yuen Industrial Company Profile

(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.

See Also

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