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

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY) gapped down prior to trading on Thursday . The stock had previously closed at $16.18, but opened at $15.74. Yankuang Energy Group shares last traded at $15.74, with a volume of 128 shares changing hands.

Analyst Upgrades and Downgrades

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

Yankuang Energy Group Stock Performance

The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $15.22 billion, a price-to-earnings ratio of 8.84 and a beta of 0.13. The stock has a 50-day simple moving average of $15.75 and a 200-day simple moving average of $17.37.

Yankuang Energy Group (OTCMKTS:YZCAY) last released its quarterly earnings data on Monday, August 31st. The energy company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.37). The business had revenue of $10.45 billion for the quarter, compared to analysts’ expectations of $6.45 billion. On average, analysts anticipate that Yankuang Energy Group Company Limited Sponsored ADR will post 2.5 earnings per share for the current year.

Yankuang Energy Group Company Profile

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.