The Goldman Sachs Group cut shares of China Coal Energy (OTCMKTS:CCOZY – Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday,Zacks reports.
China Coal Energy Stock Performance
Shares of CCOZY opened at $29.19 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. The firm’s fifty day simple moving average is $29.46 and its two-hundred day simple moving average is $31.16. China Coal Energy has a 12 month low of $24.62 and a 12 month high of $34.00. The stock has a market capitalization of $19.35 billion, a P/E ratio of 7.33 and a beta of -0.31.
About China Coal Energy
China Coal Energy Company Limited is a China-based energy and mining company engaged primarily in the production and sale of coal. Its activities include coal exploration, mining, processing and marketing, with products serving power generation, steelmaking and other industrial customers. The company produces thermal coal and coking coal, as well as related coal products.
The company also operates businesses connected to the coal value chain, including coal-to-chemicals and coal-based power generation.
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