Yankuang Energy Group (OTCMKTS:YZCAY) Sees Strong Trading Volume – Here’s What Happened

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY) shares saw unusually-high trading volume on Friday . Approximately 10,504 shares were traded during mid-day trading, an increase of 321% from the previous session’s volume of 2,493 shares.The stock last traded at $14.15 and had previously closed at $13.96.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut 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 MarketBeat, the stock presently has a consensus rating of “Sell”.

Yankuang Energy Group Stock Performance

The firm’s 50-day moving average price is $12.72 and its two-hundred day moving average price is $11.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 0.88. The stock has a market cap of $13.68 billion, a price-to-earnings ratio of 8.58 and a beta of 0.30.

Yankuang Energy Group (OTCMKTS:YZCAY) last announced its quarterly earnings results on Friday, August 29th. The energy company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.36). The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $7.36 billion. On average, analysts expect that Yankuang Energy Group Company Limited Sponsored ADR will post 2.58 EPS for the current fiscal year.

Yankuang Energy Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, November 3rd. Stockholders of record on Monday, September 15th will be given a dividend of $0.1772 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a dividend yield of 913.0%. Yankuang Energy Group’s payout ratio is presently 21.82%.

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.