Yankuang Energy Group (OTCMKTS:YZCAY) Reaches New 12-Month High - Here's Why

Key Points

• Yankuang Energy Group shares reached a new 12-month high of $14.70 during trading, reflecting a significant improvement from the previous close of $14.12.
• Analysts from Zacks Research downgraded Yankuang Energy from a "hold" to a "strong sell" rating, contributing to a consensus rating of "Sell" for the stock.
• The company reported an earnings miss with an EPS of $0.28 for the latest quarter, falling short of analysts' expectations of $0.64.

Shares of Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $14.70 and last traded at $14.70, with a volume of 3836 shares. The stock had previously closed at $14.12.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Yankuang Energy Group from a "hold" rating to a "strong sell" rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of "Sell".

Yankuang Energy Group Stock Performance

The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53. The firm's 50-day moving average price is $12.58 and its two-hundred day moving average price is $11.37.

Yankuang Energy Group (OTCMKTS:YZCAY - Get Free Report) last issued its earnings results on Friday, August 29th. The energy company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.36). The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $7.36 billion. As a group, analysts forecast that Yankuang Energy Group Company Limited Sponsored ADR will post 2.58 earnings per share for the current year.

Yankuang Energy Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, November 3rd. Investors of record on Monday, September 15th will be given a $0.1772 dividend. This represents a yield of 913.0%. The ex-dividend date is Friday, September 12th.

Yankuang Energy Group Company Profile

Yankuang Energy Group Company Limited engages in the mining, preparation, and sale of coal in China and internationally. It offers thermal, PCI, and coking coal for electric power, metallurgy, chemical industry, etc.; manufactures, installs, and sells mining equipment and machinery; manufactures and sells coal mining and excavating equipment, cable, and rubber products; manufactures and sells methanol, acetic acid, ethyl acetate, caprolactam, naphtha, crude liquid wax, etc.; produces and sells chemicals and synthesis catalyst; explores for potash mineral; and sells coal mine machinery equipment and accessories, construction materials, petroleum products, and mineral products.

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