Anhui Conch Cement (OTCMKTS:AHCHY) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.03 and traded as high as $14.08. Anhui Conch Cement shares last traded at $13.68, with a volume of 18,601 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Anhui Conch Cement from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 8th.

Anhui Conch Cement Stock Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.03 and a current ratio of 3.40. The firm’s 50-day moving average price is $13.03 and its two-hundred day moving average price is $12.77. The stock has a market cap of $14.21 billion, a price-to-earnings ratio of 13.97 and a beta of 0.28.

About Anhui Conch Cement

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products. The company operates through five segments: Eastern China, Central China, Southern China, Western China, and Overseas. It provides construction and installation services for industrial purposes; logistic services; and mining and related services.