Yankuang Energy Group (OTCMKTS:YZCAY) Shares Pass Above 200-Day Moving Average - Here's Why

Key Points

• Yankuang Energy Group's share price recently surpassed its 200-day moving average of $10.85, reaching a high of $12.00 before closing at $11.56.
• The company reported quarterly earnings of $0.28 per share, significantly below the consensus estimate of $0.64, and total revenue of $3.27 billion against an anticipated $7.36 billion.
• Yankuang Energy has declared a dividend of $0.1772, which results in an exceptionally high dividend yield of 913.0%.

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.85 and traded as high as $12.00. Yankuang Energy Group shares last traded at $11.56, with a volume of 463 shares.

Yankuang Energy Group Trading Up 1.9%

The stock has a fifty day moving average of $11.47 and a 200 day moving average of $10.90. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.53.

Yankuang Energy Group (OTCMKTS:YZCAY - Get Free Report) last announced 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 company had revenue of $3.27 billion during 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 business also recently announced a dividend, which will be paid on Monday, November 3rd. Investors of record on Monday, September 15th will be issued a $0.1772 dividend. This represents a yield of 913.0%. The ex-dividend date of this dividend 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.