Yue Yuen Industrial (OTCMKTS:YUEIY) Trading Down 5.4% – Here’s What Happened

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) shares traded down 5.4% during trading on Friday . The stock traded as low as $8.48 and last traded at $8.48. 5,786 shares were traded during trading, an increase of 34% from the average session volume of 4,328 shares. The stock had previously closed at $8.96.

Yue Yuen Industrial Price Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.42 and a current ratio of 2.17. The firm’s 50-day simple moving average is $8.27 and its 200 day simple moving average is $7.91.

Yue Yuen Industrial Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 24th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.2046 per share. This represents a yield of 849.0%. The ex-dividend date is Monday, September 15th.

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.