Yankuang Energy Group (OTCMKTS:YZCAY) Shares Gap Down – Here’s What Happened

Shares of Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY) gapped down before the market opened on Friday . The stock had previously closed at $17.35, but opened at $16.40. Yankuang Energy Group shares last traded at $16.40, with a volume of 571 shares trading hands.

Analysts Set New Price Targets

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

Yankuang Energy Group Trading Down 6.2%

The company has a market cap of $15.86 billion, a price-to-earnings ratio of 9.27 and a beta of 0.13. The firm has a 50 day moving average price of $15.57 and a two-hundred day moving average price of $17.38. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.47.

Yankuang Energy Group (OTCMKTS:YZCAY) last posted its quarterly earnings data on Monday, August 31st. The energy company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.37). The company had revenue of $10.45 billion during the quarter, compared to the consensus estimate of $6.45 billion. As a group, equities analysts forecast that Yankuang Energy Group Company Limited Sponsored ADR will post 2.44 earnings per share for the current year.

Yankuang Energy Group Company Profile

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.