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

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $14.72, but opened at $15.1510. Yankuang Energy Group shares last traded at $15.1510, with a volume of 1,844 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Yankuang Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Yankuang Energy Group Stock Performance

The business’s 50 day simple moving average is $15.87 and its two-hundred day simple moving average is $17.24. 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 firm has a market capitalization of $14.42 billion, a P/E ratio of 8.38 and a beta of 0.13.

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

About Yankuang Energy Group

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.