Yue Yuen Industrial (OTCMKTS:YUEIY) Trading 5.4% Higher - Should You Buy?

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.

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY - Get Free Report)'s stock price was up 5.4% 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 Stock Performance

The stock's 50 day moving average price is $7.51 and its two-hundred day moving average price is $8.35. 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 disclosed a dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 9th were issued 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 dividend yield of 963.0%.

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.