China Coal Energy Stock Falls Below 200-Day Moving Average

China Coal Energy Company Limited (OTCMKTS:CCOZY) saw its share price fall below the two hundred day moving average during trading on Friday. The stock's 200-day moving average stands at $23.16, but it traded as low as $22.00. At the close, China Coal Energy shares were last quoted at $22.00, with a trading volume of just 313 shares.

Analysts' Perspectives on China Coal Energy

Notably, The Goldman Sachs Group has recently downgraded China Coal Energy from a "hold" rating to a "strong sell" in a research report released on January 8th.

Market Overview and Stock Performance

The company has a market capitalization of approximately $14.58 billion and boasts a price-to-earnings (PE) ratio of 5.53, indicating a potentially undervalued status. Additionally, the stock has a beta of -0.16, which suggests lower volatility compared to the market. Financial ratios for the company include a quick ratio of 1.16, a current ratio of 1.24, and a manageable debt-to-equity ratio of 0.27. For reference, its 50-day simple moving average is at $24.18, while the 200-day simple moving average is $23.16.

About China Coal Energy

China Coal Energy Company Limited is primarily involved in coal production and trading, as well as coal chemical businesses both within the People's Republic of China and internationally. The company also manufactures coal mining equipment and engages in pithead power generation, along with other associated activities. Their product offerings include polyolefin, methanol, urea, and various other coal chemical products.

Considerations for Potential Investors

Before making any investment decisions, potential investors should consider various analysts' ratings. Currently, China Coal Energy is reportedly facing a "Sell" rating among analysts, with top-rated analysts suggesting better investment opportunities elsewhere.

Investors are encouraged to stay informed on market trends and seek expert advice before proceeding with trades in stocks like China Coal Energy.

Finding the Right Stocks

If you're unsure about investing in China Coal Energy right now, it may be beneficial to look into other stocks recommended by leading analysts. MarketBeat often provides insights into top-rated stocks that are considered strong buys in today's market. It is essential for investors to be well-informed before making financial decisions.

stocks, finance, market