China Coal Energy (OTCMKTS:CCOZY) Hits New 12-Month Low – Time to Sell?

China Coal Energy Co. (OTCMKTS:CCOZY) shares reached a new 52-week low during trading on Friday. The company traded as low as $24.8384 and last traded at $24.8384, with a volume of 168 shares traded. The stock had previously closed at $26.62.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut shares of China Coal Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

China Coal Energy Stock Performance

The stock has a market cap of $16.47 billion, a P/E ratio of 6.24 and a beta of -0.11. The stock has a fifty day simple moving average of $28.72 and a 200-day simple moving average of $30.63. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 0.29.

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.