Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Up – Time to Buy?

Shares of Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) gapped up prior to trading on Wednesday . The stock had previously closed at $9.64, but opened at $10.27. Yue Yuen Industrial shares last traded at $10.27, with a volume of 410 shares.

Yue Yuen Industrial Trading Up 2.2%

The company has a quick ratio of 1.42, a current ratio of 2.14 and a debt-to-equity ratio of 0.11. The company has a 50 day simple moving average of $8.84 and a 200-day simple moving average of $8.19.

Yue Yuen Industrial Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 24th. Investors of record on Tuesday, September 16th were paid a dividend of $0.2046 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a yield of 849.0%.

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.