Yankuang Energy Group (OTCMKTS:YZCAY) Sets New 1-Year High – Here’s Why

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY) shares hit a new 52-week high on Tuesday . The company traded as high as $14.70 and last traded at $14.70, with a volume of 3836 shares trading hands. The stock had previously closed at $14.12.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Yankuang Energy Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Yankuang Energy Group Stock Up 4.1%

The company’s 50 day moving average price is $12.58 and its 200 day moving average price is $11.37. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.53.

Yankuang Energy Group (OTCMKTS:YZCAY) last released its earnings results on Friday, August 29th. The energy company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.36). The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $7.36 billion. Equities research analysts anticipate that Yankuang Energy Group Company Limited Sponsored ADR will post 2.58 earnings per share for the current year.

Yankuang Energy Group Cuts Dividend

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

About Yankuang Energy Group

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.