Yankuang Energy Group (OTCMKTS:YZCAY) Shares Up 5.9% - Should You Buy?

Key Points

• Yankuang Energy Group's stock rose 5.9% during mid-day trading, reaching $13.51, although trading volume was significantly lower than usual at only 316 shares exchanged.
• The company reported a quarterly earnings miss with earnings per share (EPS) of $0.28, falling short of analysts' expectations of $0.64, while revenue was also below forecasts at $3.27 billion versus $7.36 billion.
• Yankuang Energy Group announced a dividend of $0.1772, which will be paid to shareholders, representing a remarkable dividend yield of 913.0%.

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY - Get Free Report) shares shot up 5.9% on Friday . The stock traded as high as $13.51 and last traded at $13.51. 316 shares were traded during mid-day trading, a decline of 88% from the average session volume of 2,552 shares. The stock had previously closed at $12.76.

Yankuang Energy Group Stock Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 0.88 and a quick ratio of 0.81. The company's 50-day simple moving average is $11.80 and its two-hundred day simple moving average is $11.03.

Yankuang Energy Group (OTCMKTS:YZCAY - Get Free Report) last released its quarterly 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 business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $7.36 billion. On average, equities analysts anticipate that Yankuang Energy Group Company Limited Sponsored ADR will post 2.58 EPS 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 paid a $0.1772 dividend. The ex-dividend date of this dividend 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.