China Shenhua Energy (OTCMKTS:CSUAY) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

China Shenhua Energy Co. (OTCMKTS:CSUAYGet Free Report)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $21.98 and traded as high as $23.3799. China Shenhua Energy shares last traded at $23.0310, with a volume of 10,601 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of China Shenhua Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, China Shenhua Energy currently has an average rating of “Hold”.

Read Our Latest Stock Analysis on CSUAY

China Shenhua Energy Price Performance

The business’s fifty day moving average price is $22.04 and its 200-day moving average price is $22.83. The company has a market capitalization of $116.16 billion, a P/E ratio of 15.68 and a beta of 0.18. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 0.05.

China Shenhua Energy (OTCMKTS:CSUAYGet Free Report) last released its earnings results on Friday, August 28th. The company reported $0.50 EPS for the quarter. China Shenhua Energy had a return on equity of 10.52% and a net margin of 17.81%.The business had revenue of $17.48 billion for the quarter. As a group, sell-side analysts predict that China Shenhua Energy Co. will post 1.85 earnings per share for the current fiscal year.

About China Shenhua Energy

(Get Free Report)

China Shenhua Energy Company Limited is one of the largest coal producers and integrated energy companies in China. The firm’s core business centers on the exploration, production and sale of coal, with a primary focus on thermal coal used for power generation. Through its vertically integrated operations, China Shenhua manages the entire coal value chain, from mining and washing to transportation and marketing.

In addition to coal mining, the company operates a diversified portfolio of power generation assets, including coal-fired and wind power plants.

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