China Shenhua Energy (OTCMKTS:CSUAY) Shares Pass Above 50 Day Moving Average - Here's What Happened

Key Points

• Technical move: China Shenhua Energy (OTCMKTS:CSUAY) crossed above its 50‑day moving average of $23.80 on Monday, trading as high as $24.5050 and last at $24.47 on volume of 10,385 shares.
• Analyst sentiment: Zacks raised the stock to a "Hold" on April 17, but with one Hold and one Sell the MarketBeat consensus rating remains "Reduce."
• Fundamentals: The company has a market cap of about $121.7 billion, a P/E of 16.42, reported $0.34 EPS on $10.16 billion revenue for the quarter, and analysts forecast 1.79 EPS for the year.

China Shenhua Energy Co. (OTCMKTS:CSUAY - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $23.80 and traded as high as $24.5050. China Shenhua Energy shares last traded at $24.47, with a volume of 10,385 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised China Shenhua Energy to a "hold" rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce".

China Shenhua Energy Stock Performance

The company has a market capitalization of $121.67 billion, a P/E ratio of 16.42 and a beta of 0.21. The stock has a fifty day simple moving average of $23.80 and a 200-day simple moving average of $22.04. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 0.05.

China Shenhua Energy (OTCMKTS:CSUAY - Get Free Report) last posted its earnings results on Friday, April 24th. The company reported $0.34 earnings per share (EPS) for the quarter. The company had revenue of $10.16 billion during the quarter. China Shenhua Energy had a return on equity of 10.52% and a net margin of 17.81%. Equities analysts forecast that China Shenhua Energy Co. will post 1.79 EPS for the current year.

About China Shenhua Energy

China Shenhua Energy Company Limited is one of the largest coal producers and integrated energy companies in China. The firm's core business centers on the exploration, production and sale of coal, with a primary focus on thermal coal used for power generation. Through its vertically integrated operations, China Shenhua manages the entire coal value chain, from mining and washing to transportation and marketing.

In addition to coal mining, the company operates a diversified portfolio of power generation assets, including coal-fired and wind power plants.

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