Yankuang Energy Group (OTCMKTS:YZCAY) Shares Gap Down – Here’s Why

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY) shares gapped down prior to trading on Thursday . The stock had previously closed at $14.58, but opened at $13.60. Yankuang Energy Group shares last traded at $13.54, with a volume of 410 shares trading hands.

Analyst Upgrades and Downgrades

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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Yankuang Energy Group presently has an average rating of “Sell”.

Yankuang Energy Group Trading Down 7.1%

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 0.88. The firm has a market cap of $13.09 billion, a P/E ratio of 8.21 and a beta of 0.28. The firm has a 50 day simple moving average of $13.68 and a 200 day simple moving average of $12.03.

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

Yankuang Energy Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, November 3rd. Investors of record on Monday, September 15th were given a dividend of $0.1772 per share. This represents a yield of 913.0%. The ex-dividend date was Friday, September 12th. Yankuang Energy Group’s payout ratio is presently 21.21%.

About Yankuang Energy Group

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.