Yankuang Energy Group (OTCMKTS:YZCAY) Shares Gap Up – Here’s Why

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $14.36, but opened at $15.00. Yankuang Energy Group shares last traded at $15.00, with a volume of 1,006 shares.

Wall Street Analyst Weigh In

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

Yankuang Energy Group Stock Performance

The firm’s fifty day moving average is $15.83 and its 200 day moving average is $16.85. The firm has a market cap of $14.51 billion, a P/E ratio of 8.43 and a beta of 0.19.

Yankuang Energy Group (OTCMKTS:YZCAY) last announced its earnings results on Monday, August 31st. The energy company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.37). The firm had revenue of $10.45 billion during the quarter, compared to the consensus estimate of $6.45 billion. As a group, equities research analysts forecast that Yankuang Energy Group Company Limited Sponsored ADR will post 2.5 EPS for the current year.

About Yankuang Energy Group

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.