Yankuang Energy Group (OTCMKTS:YZCAY) Shares Gap Down – Here’s What Happened

Shares of Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY) gapped down prior to trading on Tuesday. The stock had previously closed at $14.94, but opened at $14.26. Yankuang Energy Group shares last traded at $14.39, with a volume of 1,856 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Yankuang Energy Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Yankuang Energy Group has a consensus rating of “Hold”.

Yankuang Energy Group Stock Performance

The firm has a market cap of $13.92 billion, a price-to-earnings ratio of 8.08 and a beta of 0.19. The business has a fifty day simple moving average of $15.86 and a 200-day simple moving average of $16.98.

Yankuang Energy Group (OTCMKTS:YZCAY) last issued its quarterly earnings data on Monday, August 31st. The energy company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.37). The company had revenue of $10.45 billion for the quarter, compared to analyst estimates of $6.45 billion. On average, equities analysts anticipate that Yankuang Energy Group Company Limited Sponsored ADR will post 2.5 earnings per share for the current year.

Yankuang Energy Group Company Profile

Yankuang Energy Group Co, Ltd. is a China-based energy and mining company formerly known as Yanzhou Coal Mining Co, Ltd. The company is principally engaged in the exploration, mining, processing and sale of coal, serving power generation, industrial and other energy-related customers.

In addition to its coal operations, Yankuang Energy has interests in coal-to-chemicals and other chemical products, electricity and heat generation, mining equipment manufacturing, and logistics and transportation services.