China Coal Energy (OTCMKTS:CCOZY – Get Free Report) was downgraded by investment analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.
China Coal Energy Stock Performance
Shares of China Coal Energy stock opened at $29.19 on Tuesday. China Coal Energy has a 52 week low of $24.62 and a 52 week high of $34.00. The business’s fifty day simple moving average is $29.46 and its 200-day simple moving average is $31.16. The firm has a market cap of $19.35 billion, a PE ratio of 7.33 and a beta of -0.31. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.23.
About China Coal Energy
China Coal Energy Company Limited is a China-based energy and mining company engaged primarily in the production and sale of coal. Its activities include coal exploration, mining, processing and marketing, with products serving power generation, steelmaking and other industrial customers. The company produces thermal coal and coking coal, as well as related coal products.
The company also operates businesses connected to the coal value chain, including coal-to-chemicals and coal-based power generation.
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