China Coal Energy Co. (OTCMKTS:CCOZY – Get Free Report) gapped down prior to trading on Wednesday. The stock had previously closed at $29.19, but opened at $27.44. China Coal Energy shares last traded at $27.44, with a volume of 229 shares trading hands.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group lowered shares of China Coal Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Read Our Latest Analysis on CCOZY
China Coal Energy Stock Down 5.2%
The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The company has a market cap of $18.19 billion, a P/E ratio of 6.89 and a beta of -0.13. The firm has a fifty day moving average price of $29.32 and a 200 day moving average price of $30.94.
China Coal Energy Company Profile
China Coal Energy Company Limited is a Chinese energy and mining company engaged primarily in the production, processing and sale of coal. The company operates coal mines and supplies thermal coal for power generation as well as coking coal used in steelmaking and other industrial applications.
In addition to coal mining, China Coal Energy has businesses in coal-fired power generation, coal chemicals and mining equipment manufacturing. Its chemical operations produce products such as methanol and olefins, while its equipment business manufactures machinery and systems used in underground and open-pit mining.
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