China Shenhua Energy (OTCMKTS:CSUAY) Reaches New 1-Year High - Here's What Happened

Key Points

• China Shenhua Energy's stock reached a new 52-week high of $22.00 during recent trading, closing at $21.15.
• UBS Group downgraded the stock's rating from "hold" to "strong sell", reflecting concerns from analysts regarding its performance.
• The company reported a quarterly revenue of $9.48 billion and an earnings per share (EPS) of $0.37, with an anticipated annual EPS of 1.66.

China Shenhua Energy Co. (OTCMKTS:CSUAY - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $22.00 and last traded at $21.15, with a volume of 2673 shares. The stock had previously closed at $21.29.

Analysts Set New Price Targets

Separately, UBS Group cut shares of China Shenhua Energy from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $32.50.

China Shenhua Energy Stock Performance

The firm's fifty day moving average price is $19.27 and its 200 day moving average price is $17.53. The company has a current ratio of 2.17, a quick ratio of 2.04 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $105.16 billion, a PE ratio of 13.47 and a beta of 0.26.

China Shenhua Energy (OTCMKTS:CSUAY - Get Free Report) last posted its quarterly earnings results on Friday, August 29th. The company reported $0.37 EPS for the quarter. China Shenhua Energy had a net margin of 18.27% and a return on equity of 11.13%. The business had revenue of $9.48 billion for the quarter. On average, research analysts anticipate that China Shenhua Energy Co. will post 1.66 earnings per share for the current year.

China Shenhua Energy Company Profile

China Shenhua Energy Company Limited, together with its subsidiaries, engages in the production and sale of coal and power; railway, port, and shipping transportation; and coal-to-olefins businesses in the People's Republic of China and internationally. It operates through six segments: Coal, Power Generation, Railway, Port, Shipping, and Coal Chemical.

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