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China Coal Energy (OTCMKTS:CCOZY) Stock Passes Below 50 Day Moving Average - Here's Why

China Coal Energy logo with Oils/Energy background

China Coal Energy Company Limited (OTCMKTS:CCOZY - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-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.

China Coal Energy Price Performance

The company has a fifty day moving average price of $24.17 and a two-hundred day moving average price of $22.63. The company has a market capitalization of $15.45 billion, a P/E ratio of 5.85 and a beta of -0.10.

China Coal Energy (OTCMKTS:CCOZY - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.01 EPS for the quarter. The firm had revenue of $6.62 billion for the quarter. China Coal Energy had a return on equity of 10.22% and a net margin of 10.70%. As a group, sell-side analysts forecast that China Coal Energy Company Limited will post 4.01 earnings per share for the current year.

China Coal Energy Dividend Announcement

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

About China Coal Energy

(Get Free Report)

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.

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