Yue Yuen Industrial (OTCMKTS:YUEIY) Shares Gap Up – Still a Buy?

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY)’s stock price gapped up before the market opened 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 changing hands.

Yue Yuen Industrial Price Performance

The company has a current ratio of 2.14, a quick ratio of 1.42 and a debt-to-equity ratio of 0.11. The firm’s fifty day simple moving average is $8.84 and its 200-day simple moving average is $8.19.

Yue Yuen Industrial Cuts Dividend

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

About Yue Yuen Industrial

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.