Yue Yuen Industrial (OTCMKTS:YUEIY) Sees Unusually-High Trading Volume – Time to Buy?

Yue Yuen Industrial Ltd. (OTCMKTS:YUEIY) saw an uptick in trading volume on Monday . 10,980 shares changed hands during trading, an increase of 191% from the previous session’s volume of 3,774 shares.The stock last traded at $11.01 and had previously closed at $10.71.

Yue Yuen Industrial Trading Up 8.5%

The stock has a 50-day simple moving average of $9.01 and a 200-day simple moving average of $8.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.14 and a quick ratio of 1.42.

Yue Yuen Industrial Cuts Dividend

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

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.