Yankuang Energy Group (OTCMKTS:YZCAY) Trading Up 7.6% - What's Next?

Key Points

• Yankuang Energy Group stock rose by 7.6% to $13.77, despite a significant decline in trading volume, dropping 52% from its average daily volume.
• The company reported earnings of $0.28 per share, missing the consensus estimate of $0.64, and showed a significant revenue shortfall compared to expectations.
• Yankuang Energy Group announced a dividend decrease, with a yield of 913.0%, set to be paid out on November 3rd to shareholders on record as of September 15th.

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY - Get Free Report)'s stock price was up 7.6% during mid-day trading on Friday . The stock traded as high as $13.77 and last traded at $13.77. Approximately 1,199 shares were traded during trading, a decline of 52% from the average daily volume of 2,521 shares. The stock had previously closed at $12.80.

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 stock has a 50 day moving average price of $11.96 and a two-hundred day moving average price of $11.07.

Yankuang Energy Group (OTCMKTS:YZCAY - Get Free Report) last posted its quarterly 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 firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $7.36 billion. On average, analysts expect 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 issued a dividend of $0.1772 per share. The ex-dividend date 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.

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