China Coal Energy (OTCMKTS:CCOZY) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

China Coal Energy Company Limited (OTCMKTS:CCOZY) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $23.16 and traded as low as $22.00. China Coal Energy shares last traded at $22.00, with a volume of 313 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered China Coal Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 8th.

China Coal Energy Trading Up 2.1 %

The company has a market cap of $14.58 billion, a PE ratio of 5.53 and a beta of -0.16. The company has a quick ratio of 1.16, a current ratio of 1.24 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $24.18 and a 200-day simple moving average of $23.16.

About China Coal Energy

China Coal Energy Company Limited primarily engages in the coal production and trading and coal chemical businesses in the People's Republic of China and internationally. The company offers polyolefin, methanol, urea, and other coal chemical products. It is also involved in the coal mining equipment manufacturing, pithead power generation, and other activities.