Yankuang Energy Group (OTCMKTS:YZCAY) Shares Gap Down – Should You Sell?

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY) gapped down before the market opened on Friday . The stock had previously closed at $12.13, but opened at $11.60. Yankuang Energy Group shares last traded at $11.60, with a volume of 228 shares trading hands.

Yankuang Energy Group Stock Performance

The company has a 50 day simple moving average of $11.50 and a 200-day simple moving average of $10.91. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53.

Yankuang Energy Group (OTCMKTS:YZCAY) last announced its quarterly earnings data on Friday, August 29th. The energy company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.36). The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $7.36 billion. As a group, equities research analysts predict that Yankuang Energy Group Company Limited Sponsored ADR will post 2.58 EPS for the current fiscal year.

Yankuang Energy Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, November 3rd. Shareholders of record on Monday, September 15th will be paid a dividend of $0.1772 per share. The ex-dividend date is Friday, September 12th. This represents a yield of 913.0%.

Yankuang Energy Group Company Profile

Yankuang Energy Group Company Limited engages in the mining, preparation, and sale of coal in China and internationally. It offers thermal, PCI, and coking coal for electric power, metallurgy, chemical industry, etc.; manufactures, installs, and sells mining equipment and machinery; manufactures and sells coal mining and excavating equipment, cable, and rubber products; manufactures and sells methanol, acetic acid, ethyl acetate, caprolactam, naphtha, crude liquid wax, etc.; produces and sells chemicals and synthesis catalyst; explores for potash mineral; and sells coal mine machinery equipment and accessories, construction materials, petroleum products, and mineral products.