Anhui Conch Cement (OTCMKTS:AHCHY) Stock Crosses Above 200 Day Moving Average – Here’s Why

Anhui Conch Cement Co. (OTCMKTS:AHCHY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.28 and traded as high as $15.68. Anhui Conch Cement shares last traded at $15.62, with a volume of 17,539 shares traded.

Anhui Conch Cement Stock Performance

The stock’s 50-day moving average price is $15.41 and its 200 day moving average price is $14.28. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.93 and a current ratio of 3.23.

Anhui Conch Cement (OTCMKTS:AHCHY) last issued its earnings results on Tuesday, August 26th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). The company had revenue of $5.77 billion for the quarter, compared to analysts’ expectations of $24 billion. Anhui Conch Cement had a return on equity of 4.65% and a net margin of 10.74%.

Anhui Conch Cement Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 10th were given a dividend of $0.1173 per share. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a dividend yield of 77.0%. Anhui Conch Cement’s dividend payout ratio (DPR) is 19.67%.

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.