China Shenhua Energy (OTCMKTS:CSUAY) Sets New 12-Month High - Time to Buy?

Key Points

• China Shenhua Energy achieved a new 52-week high, trading at $19.24, indicative of strong performance despite a recent downgrade by UBS from "hold" to "strong sell."
• The company has announced a dividend increase to $1.0629, from its previous dividend of $1.05, resulting in a yield of 610.0% and a payout ratio of 65.43%.
• China Shenhua Energy has a market capitalization of $96.76 billion and continues to show stability with a low debt-to-equity ratio of 0.06.

China Shenhua Energy Co. (OTCMKTS:CSUAY - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $19.27 and last traded at $19.24, with a volume of 7083 shares traded. The stock had previously closed at $18.75.

Analyst Ratings Changes

Separately, UBS Group downgraded China Shenhua Energy from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 16th.

China Shenhua Energy Price Performance

The stock has a 50-day simple moving average of $17.27 and a 200-day simple moving average of $16.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.17 and a quick ratio of 2.04.

China Shenhua Energy Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, July 1st will be issued a $1.0629 dividend. The ex-dividend date of this dividend is Monday, June 30th. This is an increase from China Shenhua Energy's previous dividend of $1.05. This represents a dividend yield of 610.0%. China Shenhua Energy's dividend payout ratio is 65.43%.

About China Shenhua Energy

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.