China Shenhua Energy (OTCMKTS:CSUAY) Reaches New 52-Week High - Time to Buy?

Key Points

• China Shenhua Energy recently achieved a new 52-week high at $20.70 during trading, closing at $20.37.
• UBS Group downgraded the stock from a "hold" rating to a "strong sell" rating, reflecting a bearish sentiment from analysts.
• The company reported earnings of $0.37 per share with a revenue of $9.48 billion for the latest quarter, and has an average rating of "Reduce" from analysts.

China Shenhua Energy Co. (OTCMKTS:CSUAY - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $20.70 and last traded at $20.37, with a volume of 4129 shares. The stock had previously closed at $20.46.

Analyst Upgrades and Downgrades

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

China Shenhua Energy Stock Performance

The firm has a market capitalization of $101.29 billion, a price-to-earnings ratio of 12.97 and a beta of 0.26. The company has a fifty day moving average of $19.10 and a two-hundred day moving average of $17.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.04 and a current ratio of 2.17.

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

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.

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