Yankuang Energy Group (OTCMKTS:YZCAY) Shares Gap Up - Should You Buy?

Key Points

• Yankuang Energy Group shares opened at $12.38, up from a previous close of $11.60, indicating a strong market interest.
• Despite its stock price increase, the company reported $0.28 earnings per share, falling short of the consensus estimate of $0.64.
• The firm announced a dividend of $0.1772 per share, with a staggering yield of 913.0%, set to be paid on November 3rd.

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $11.60, but opened at $12.38. Yankuang Energy Group shares last traded at $12.48, with a volume of 2,499 shares.

Yankuang Energy Group Stock Performance

The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.53. The business's fifty day moving average price is $11.70 and its two-hundred day moving average price is $10.98.

Yankuang Energy Group (OTCMKTS:YZCAY - Get Free Report) last released its earnings results on Friday, August 29th. The energy company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.36). The firm had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $7.36 billion. On average, equities analysts forecast 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 business also recently declared a dividend, which will be paid on Monday, November 3rd. Stockholders of record on Monday, September 15th will be issued a $0.1772 dividend. The ex-dividend date is Friday, September 12th. This represents a dividend yield of 913.0%.

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.