Yankuang Energy Group (OTCMKTS:YZCAY) Shares Gap Down - Time to Sell?

Key Points

• Yankuang Energy Group's shares gapped down from $13.20 to $12.69 at market opening on Wednesday, last trading at $13.25 with a volume of 1,230 shares.
• Zacks Research downgraded the stock from a "hold" rating to a "strong sell" rating, with analysts providing a consensus rating of "Sell."
• The company recently reported earnings of $0.28 EPS, missing estimates by $0.36, along with a dividend yield of 913.0% despite a cut in dividend payouts.

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $13.20, but opened at $12.69. Yankuang Energy Group shares last traded at $13.25, with a volume of 1,230 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Yankuang Energy Group from a "hold" rating to a "strong sell" rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of "Sell".

Yankuang Energy Group Stock Down 0.3%

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 business's 50-day simple moving average is $12.22 and its 200-day simple moving average is $11.19.

Yankuang Energy Group (OTCMKTS:YZCAY - Get Free Report) last announced its earnings results on Friday, August 29th. The energy company reported $0.28 earnings per share (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, research analysts anticipate 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 company also recently disclosed a dividend, which will be paid on Monday, November 3rd. Stockholders of record on Monday, September 15th will be given a $0.1772 dividend. This represents a dividend 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.

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