Anhui Conch Cement (OTCMKTS:AHCHY) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $13.99 and traded as low as $13.36. Anhui Conch Cement shares last traded at $13.43, with a volume of 7,267 shares trading hands.

Analysts Set New Price Targets

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

Anhui Conch Cement Price Performance

The stock has a market capitalization of $14.23 billion, a P/E ratio of 13.99 and a beta of 0.27. The stock’s fifty day moving average is $13.99 and its 200-day moving average is $13.55. 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 issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.23 earnings per share for the quarter. Anhui Conch Cement had a return on equity of 3.72% and a net margin of 6.70%. The business had revenue of $2.62 billion for the quarter.

Anhui Conch Cement Company Profile

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.