Anhui Conch Cement (OTCMKTS:AHCHY) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $13.87 and traded as high as $14.98. Anhui Conch Cement shares last traded at $14.10, with a volume of 5,160 shares changing hands.

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 report on Tuesday, March 25th.

Anhui Conch Cement Stock Performance

The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average is $13.88 and its two-hundred day moving average is $13.66. The stock has a market capitalization of $14.94 billion, a P/E ratio of 14.69 and a beta of 0.34.

Anhui Conch Cement (OTCMKTS:AHCHY) last released its quarterly 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 net margin of 6.70% and a return on equity of 3.72%. The business had revenue of $7.61 billion for 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.