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

China Coal Energy Company Limited (OTCMKTS:CCOZY)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $24.12 and traded as low as $23.30. China Coal Energy shares last traded at $23.30, with a volume of 125 shares changing hands.

China Coal Energy Trading Down 2.1 %

The firm’s 50-day simple moving average is $24.12 and its 200 day simple moving average is $22.62. The stock has a market cap of $15.45 billion, a P/E ratio of 5.85 and a beta of -0.10.

China Coal Energy (OTCMKTS:CCOZY) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.01 earnings per share (EPS) for the quarter. China Coal Energy had a return on equity of 10.22% and a net margin of 10.70%. The business had revenue of $6.62 billion during the quarter. On average, analysts anticipate that China Coal Energy Company Limited will post 4.01 EPS for the current year.

China Coal Energy Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, September 9th were paid a dividend of $0.487 per share. The ex-dividend date was Monday, September 9th. China Coal Energy’s payout ratio is 38.44%.

China Coal Energy Company Profile

China Coal Energy Company Limited primarily engages in the coal production and trading and coal chemical businesses in the People's Republic of China and internationally. The company offers polyolefin, methanol, urea, and other coal chemical products. It is also involved in the coal mining equipment manufacturing, pithead power generation, and other activities.