Yankuang Energy Group (OTCMKTS:YZCAY) Shares Gap Down - Should You Sell?

Key Points

• Yankuang Energy Group shares dropped 4.4%, opening at $11.60 down from the previous close of $12.13, with a low trading volume of just 228 shares.
• The company reported earnings per share of $0.28 for the last quarter, significantly missing analysts' estimates of $0.64, with revenue of $3.27 billion compared to expected $7.36 billion.
• Yankuang Energy Group announced a dividend yield of 913.0% and will pay a dividend of $0.1772 to stockholders of record on September 15th.

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $12.13, but opened at $11.60. Yankuang Energy Group shares last traded at $11.60, with a volume of 228 shares traded.

Yankuang Energy Group Price Performance

The company's 50 day simple moving average is $11.54 and its 200 day simple moving average is $10.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.88 and a quick ratio of 0.81.

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

Yankuang Energy Group Cuts Dividend

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

About Yankuang Energy Group

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.