Anhui Conch Cement (OTCMKTS:AHCHY) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.54 and traded as low as $12.80. Anhui Conch Cement shares last traded at $12.81, with a volume of 20,709 shares traded.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Anhui Conch Cement from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th.

Anhui Conch Cement Price Performance

The company has a market cap of $13.58 billion, a P/E ratio of 13.34 and a beta of 0.39. The firm’s 50-day moving average is $13.80 and its two-hundred day moving average is $13.56. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.40 and a quick ratio of 3.03.

Anhui Conch Cement (OTCMKTS:AHCHY) last posted its earnings results on Monday, March 24th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.16). Anhui Conch Cement had a return on equity of 3.72% and a net margin of 6.70%. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $47.10 billion.

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.