Shares of China Shenhua Energy Company Limited (OTCMKTS:CSUAY) reached a new 52-week high on Thursday . The stock traded as high as $10.19 and last traded at $10.10, with a volume of 26969 shares. The stock had previously closed at $9.84.
CSUAY has been the subject of several research analyst reports. The Goldman Sachs Group raised shares of China Shenhua Energy from a “neutral” rating to a “buy” rating in a report on Thursday. JPMorgan Chase & Co. upgraded shares of China Shenhua Energy from an “underweight” rating to a “neutral” rating in a research report on Monday, December 6th. Finally, Zacks Investment Research upgraded shares of China Shenhua Energy from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Wednesday, December 8th.
The company has a quick ratio of 1.77, a current ratio of 1.90 and a debt-to-equity ratio of 0.13. The firm’s 50-day simple moving average is $9.04 and its 200 day simple moving average is $8.65. The stock has a market capitalization of $50.17 billion, a P/E ratio of 7.83 and a beta of 0.28.
China Shenhua Energy Company Limited and its subsidiaries engage in the production and sales of coal and power; railway, port, and shipping transportation; and coal-to-olefins businesses in the People's Republic of China and internationally. The company's Coal segment produces coal from surface and underground mines; and sells coal to power plants, metallurgical and coal chemical producers, and provincial/regional electric grid companies.
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