Yankuang Energy Group (OTCMKTS:YZCAY) Sees Large Volume Increase – Still a Buy?

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY) saw unusually-high trading volume on Wednesday . Approximately 4,046 shares changed hands during trading, an increase of 62% from the previous session’s volume of 2,496 shares.The stock last traded at $14.52 and had previously closed at $14.12.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Yankuang Energy Group from a “hold” rating to a “strong sell” rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Yankuang Energy Group Price Performance

The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $13.90 billion, a P/E ratio of 8.71 and a beta of 0.28. The stock has a 50 day moving average of $13.20 and a 200-day moving average of $11.76.

Yankuang Energy Group (OTCMKTS:YZCAY) last announced 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 analyst estimates of $7.36 billion. On average, 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 declared a dividend, which was paid on Monday, November 3rd. Shareholders of record on Monday, September 15th were given a dividend of $0.1772 per share. The ex-dividend date was Friday, September 12th. This represents a yield of 913.0%. Yankuang Energy Group’s dividend payout ratio is currently 21.21%.

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.