Yankuang Energy Group (OTCMKTS:YZCAY) Shares Gap Up - Still a Buy?

Key Points

• Yankuang Energy Group shares experienced a gap up, opening at $12.20 after closing at $11.56, with a trading volume of 1,542 shares.
• The company reported a loss in earnings per share of $0.28 for the last quarter, falling short of the expected $0.64, with revenues at $3.27 billion against an estimate of $7.36 billion.
• Yankuang Energy Group announced a dividend payment of $0.1772 per share, resulting in a staggering yield of 913.0%, with the ex-dividend date set for September 12th.

Shares of Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $11.56, but opened at $12.20. Yankuang Energy Group shares last traded at $12.20, with a volume of 1,542 shares traded.

Yankuang Energy Group Stock Down 4.4%

The firm has a 50 day simple moving average of $11.50 and a 200-day simple moving average of $10.91. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 0.88.

Yankuang Energy Group (OTCMKTS:YZCAY - Get Free Report) last posted its earnings results on Friday, August 29th. The energy company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.36). The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $7.36 billion. As a group, equities research 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 announced a dividend, which will be paid on Monday, November 3rd. Shareholders of record on Monday, September 15th will be paid a dividend of $0.1772 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a 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.