Yankuang Energy Group (OTCMKTS:YZCAY) Sees Large Volume Increase – Here’s Why

Shares of Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY) saw strong trading volume on Wednesday . 4,046 shares traded hands during mid-day trading, an increase of 62% from the previous session’s volume of 2,496 shares.The stock last traded at $14.52 and had previously closed at $14.12.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Yankuang Energy Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Yankuang Energy Group presently has an average rating of “Sell”.

Yankuang Energy Group Stock Up 2.8%

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 0.88. The company has a market capitalization of $14.04 billion, a price-to-earnings ratio of 8.80 and a beta of 0.30. The firm’s 50-day simple moving average is $13.01 and its 200-day simple moving average is $11.69.

Yankuang Energy Group (OTCMKTS:YZCAY) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $7.36 billion. Sell-side analysts forecast 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 declared a dividend, which was paid on Monday, November 3rd. Shareholders of record on Monday, September 15th were given a $0.1772 dividend. This represents a yield of 913.0%. The ex-dividend date was Friday, September 12th. Yankuang Energy Group’s dividend payout ratio (DPR) is currently 21.21%.

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.