Yankuang Energy Group (OTCMKTS:YZCAY) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.56 and traded as high as $13.60. Yankuang Energy Group shares last traded at $13.60, with a volume of 1,350 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Yankuang Energy Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Yankuang Energy Group Stock Down 3.9%

The firm’s fifty day moving average is $12.80 and its 200-day moving average is $11.56. The company has a market capitalization of $13.15 billion, a P/E ratio of 8.24 and a beta of 0.30. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 0.88.

Yankuang Energy Group (OTCMKTS:YZCAY) last issued its earnings results on Friday, August 29th. The energy company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.36). The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $7.36 billion. As a group, equities research analysts predict that Yankuang Energy Group Company Limited Sponsored ADR will post 2.58 EPS for the current year.

Yankuang Energy Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, November 3rd. Investors of record on Monday, September 15th will be given a dividend of $0.1772 per share. The ex-dividend date is Friday, September 12th. This represents a yield of 913.0%. Yankuang Energy Group’s payout ratio is currently 21.82%.

Yankuang Energy Group Company Profile

Yankuang Energy Group Company Limited engages in the mining, preparation, and sale of coal in China and internationally. It offers thermal, PCI, and coking coal for electric power, metallurgy, chemical industry, etc.; manufactures, installs, and sells mining equipment and machinery; manufactures and sells coal mining and excavating equipment, cable, and rubber products; manufactures and sells methanol, acetic acid, ethyl acetate, caprolactam, naphtha, crude liquid wax, etc.; produces and sells chemicals and synthesis catalyst; explores for potash mineral; and sells coal mine machinery equipment and accessories, construction materials, petroleum products, and mineral products.