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

China Coal Energy Co. (OTCMKTS:CCOZY)’s stock price gapped down prior to trading 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 traded.

Wall Street Analyst Weigh In

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

China Coal Energy Price Performance

The company’s 50 day moving average price is $29.24 and its two-hundred day moving average price is $30.85. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The stock has a market cap of $18.19 billion, a P/E ratio of 6.89 and a beta of -0.13.

About China Coal Energy

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.