China Coal Energy (OTCMKTS:CCOZY) Shares Cross Below Fifty Day Moving Average – Should You Sell?

China Coal Energy Company Limited (OTCMKTS:CCOZY)’s stock 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 Stock Performance

The company’s 50 day moving average price is $24.12 and its 200-day moving average price is $22.62. The company has a market cap of $15.45 billion, a price-to-earnings ratio of 5.85 and a beta of -0.10.

China Coal Energy (OTCMKTS:CCOZY) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.01 earnings per share (EPS) for the quarter. The firm had revenue of $6.62 billion for the quarter. China Coal Energy had a net margin of 10.70% and a return on equity of 10.22%. 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 business also recently announced a dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, September 9th were given a dividend of $0.487 per share. The ex-dividend date of this dividend was Monday, September 9th. China Coal Energy’s dividend payout ratio (DPR) is presently 38.44%.

About China Coal Energy

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.