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 Tuesday. The stock had previously closed at $15.1510, but opened at $14.52. Yankuang Energy Group shares last traded at $14.52, with a volume of 294 shares trading hands.

Analyst Ratings Changes

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

Yankuang Energy Group Stock Down 2.6%

The stock has a market cap of $14.04 billion, a PE ratio of 8.16 and a beta of 0.13. The business has a fifty day moving average of $15.90 and a 200-day moving average of $17.18. 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:YZCAY) last issued its earnings results on Monday, August 31st. The energy company reported $0.56 earnings per share 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 analyst estimates of $6.45 billion. Equities research analysts anticipate that Yankuang Energy Group Company Limited Sponsored ADR will post 2.5 earnings per share for the current year.

About Yankuang Energy Group

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.