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

Shares of Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAYGet Free Report) gapped down prior to trading on Friday . The stock had previously closed at $17.35, but opened at $16.40. Yankuang Energy Group shares last traded at $16.40, with a volume of 571 shares changing hands.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on Yankuang Energy Group

Yankuang Energy Group Stock Performance

The firm has a market capitalization of $15.86 billion, a P/E ratio of 9.27 and a beta of 0.13. The stock has a fifty day simple moving average of $15.57 and a two-hundred day simple moving average of $17.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.85 and a quick ratio of 0.80.

Yankuang Energy Group (OTCMKTS:YZCAYGet Free Report) last posted its quarterly earnings results on Monday, August 31st. The energy company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.37). The business had revenue of $10.45 billion during the quarter, compared to analysts’ expectations of $6.45 billion. On average, research analysts predict that Yankuang Energy Group Company Limited Sponsored ADR will post 2.44 EPS for the current year.

About Yankuang Energy Group

(Get Free Report)

Yankuang Energy Group Co, Ltd. is a China-based energy and resources company formerly known as Yanzhou Coal Mining Co, Ltd. The company is headquartered in Jining, Shandong Province, and is affiliated with Yankuang Group. Its shares trade in mainland China and Hong Kong, while its American depositary shares trade over the counter under the symbol YZCAY.

The company’s principal business is the exploration, mining, processing and sale of coal. It produces thermal coal for power generation as well as coal used in industrial applications.

Further Reading

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