Yankuang Energy Group (OTCMKTS:YZCAY) Trading 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) was up 5.9% during mid-day trading on Friday . The company traded as high as $13.51 and last traded at $13.51. Approximately 316 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 2,552 shares. The stock had previously closed at $12.76.

Yankuang Energy Group Stock Up 4.3%

The business's 50-day moving average price is $11.70 and its 200-day moving average price is $10.98. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.53.

Yankuang Energy Group (OTCMKTS:YZCAY - Get Free Report) last released its quarterly earnings data on Friday, August 29th. The energy company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.36). The company had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $7.36 billion. Sell-side analysts predict that Yankuang Energy Group Company Limited Sponsored ADR will post 2.58 EPS for the current fiscal year.

Yankuang Energy Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, November 3rd. Stockholders of record on Monday, September 15th will be given 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.

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