China Shenhua Energy (OTCMKTS:CSUAY) Stock Price Passes Below 50-Day Moving Average – What’s Next?

China Shenhua Energy Co. (OTCMKTS:CSUAY)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $23.85 and traded as low as $22.60. China Shenhua Energy shares last traded at $22.75, with a volume of 12,682 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded China Shenhua Energy to a “hold” rating in a report on Friday, April 17th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, China Shenhua Energy currently has an average rating of “Reduce”.

China Shenhua Energy Stock Up 2.2%

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.93 and a current ratio of 0.99. The firm has a fifty day simple moving average of $23.79 and a 200-day simple moving average of $22.20. The company has a market capitalization of $112.08 billion, a PE ratio of 15.13 and a beta of 0.21.

China Shenhua Energy (OTCMKTS:CSUAY) last posted its quarterly earnings data on Friday, April 24th. The company reported $0.34 earnings per share (EPS) for the quarter. China Shenhua Energy had a return on equity of 10.52% and a net margin of 17.81%.The company had revenue of $10.16 billion for the quarter. Equities research analysts anticipate that China Shenhua Energy Co. will post 1.79 EPS for the current fiscal year.

China Shenhua Energy Company Profile

China Shenhua Energy Company Limited is one of the largest coal producers and integrated energy companies in China. The firm’s core business centers on the exploration, production and sale of coal, with a primary focus on thermal coal used for power generation. Through its vertically integrated operations, China Shenhua manages the entire coal value chain, from mining and washing to transportation and marketing.

In addition to coal mining, the company operates a diversified portfolio of power generation assets, including coal-fired and wind power plants.