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

Shares of China Shenhua Energy Company Limited (OTCMKTS:CSUAY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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.

Analysts Set New Price Targets

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

China Shenhua Energy Stock Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.08 and a current ratio of 2.20. The stock’s fifty day moving average is $15.83 and its two-hundred day moving average is $16.60. The firm has a market cap of $80.06 billion, a price-to-earnings ratio of 9.15 and a beta of 0.06.

China Shenhua Energy (OTCMKTS:CSUAY) last posted its quarterly earnings data 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. On average, analysts expect that China Shenhua Energy Company Limited will post 1.66 earnings per share 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.