China Shenhua Energy (OTCMKTS:CSUAY) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

China Shenhua Energy Company Limited (OTCMKTS:CSUAY)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $15.83 and traded as high as $16.13. China Shenhua Energy shares last traded at $16.10, with a volume of 2,342 shares.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised China Shenhua Energy to a “neutral” rating and set a $32.50 price objective on the stock in a research report on Monday, March 24th.

China Shenhua Energy Stock Performance

The stock has a market cap of $80.06 billion, a PE ratio of 9.15 and a beta of 0.06. The stock has a fifty day simple moving average of $15.83 and a two-hundred day simple moving average of $16.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.08 and a current ratio of 2.20.

China Shenhua Energy (OTCMKTS:CSUAY) last released its quarterly earnings results on Friday, March 21st. The company reported $0.33 earnings per share for the quarter. China Shenhua Energy had a net margin of 18.20% and a return on equity of 12.61%. The business had revenue of $11.75 billion during the quarter. Equities analysts anticipate that China Shenhua Energy Company Limited will post 1.66 EPS for the current fiscal year.

China Shenhua Energy Company Profile

China Shenhua Energy Company Limited, together with its subsidiaries, engages in the production and sale of coal and power; railway, port, and shipping transportation; and coal-to-olefins businesses in the People's Republic of China and internationally. It operates through six segments: Coal, Power Generation, Railway, Port, Shipping, and Coal Chemical.