China Coal Energy (OTCMKTS:CCOZY) Shares Gap Down – Here’s What Happened

Shares of China Coal Energy Co. (OTCMKTS:CCOZY) gapped down before the market opened on Wednesday. The stock had previously closed at $29.19, but opened at $27.44. China Coal Energy shares last traded at $27.44, with a volume of 229 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of China Coal Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. One analyst has rated the stock with a Hold rating. According to MarketBeat, China Coal Energy presently has a consensus rating of “Hold”.

China Coal Energy Trading Down 5.2%

The firm has a market cap of $18.19 billion, a P/E ratio of 6.89 and a beta of -0.13. The company’s 50 day moving average is $29.32 and its two-hundred day moving average is $30.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.15.

China Coal Energy Company Profile

China Coal Energy Company Limited is a Chinese energy and mining company engaged primarily in the production, processing and sale of coal. The company operates coal mines and supplies thermal coal for power generation as well as coking coal used in steelmaking and other industrial applications.

In addition to coal mining, China Coal Energy has businesses in coal-fired power generation, coal chemicals and mining equipment manufacturing. Its chemical operations produce products such as methanol and olefins, while its equipment business manufactures machinery and systems used in underground and open-pit mining.