China Coal Energy (OTCMKTS:CCOZY) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

China Coal Energy Company Limited (OTCMKTS:CCOZY)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $23.16 and traded as low as $22.00. China Coal Energy shares last traded at $22.00, with a volume of 313 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of China Coal Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 8th.

China Coal Energy Trading Up 2.1 %

The company’s 50 day simple moving average is $24.18 and its 200 day simple moving average is $23.16. The firm has a market cap of $14.58 billion, a price-to-earnings ratio of 5.53 and a beta of -0.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.24 and a quick ratio of 1.16.

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.