China Shenhua Energy (OTCMKTS:CSUAY) Shares Pass Below 50-Day Moving Average – What’s Next?

China Shenhua Energy Company Limited (OTCMKTS:CSUAY)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $16.73 and traded as low as $15.69. China Shenhua Energy shares last traded at $15.69, with a volume of 9,304 shares changing hands.

China Shenhua Energy Stock Performance

The stock has a 50 day simple moving average of $16.73 and a 200 day simple moving average of $16.95. 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 announced its earnings results on Friday, October 25th. The company reported $0.50 earnings per share for the quarter. China Shenhua Energy had a return on equity of 12.61% and a net margin of 18.20%. The company had revenue of $11.99 billion during the quarter. As a group, equities research analysts predict that China Shenhua Energy Company Limited will post 1.66 earnings per share for the current fiscal year.

About China Shenhua Energy

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.