Anhui Conch Cement (OTCMKTS:AHCHY) Stock Price Up 6.4% – Here’s What Happened

Anhui Conch Cement Co. (OTCMKTS:AHCHY) shares were up 6.4% during trading on Wednesday . The company traded as high as $11.7299 and last traded at $11.7299. Approximately 10,005 shares were traded during trading, a decline of 84% from the average session volume of 61,683 shares. The stock had previously closed at $11.0250.

Anhui Conch Cement Stock Up 5.3%

The company has a market capitalization of $12.23 billion, a P/E ratio of 10.75 and a beta of 0.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.30 and a current ratio of 3.64. The stock has a 50 day moving average price of $11.14 and a 200 day moving average price of $12.73.

Anhui Conch Cement (OTCMKTS:AHCHY) last released its earnings results on Wednesday, August 26th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). Anhui Conch Cement had a return on equity of 3.86% and a net margin of 9.72%.

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited (OTCMKTS: AHCHY) is one of China’s leading cement manufacturers, specializing in the production and sale of cement, clinker and related building materials. Headquartered in Wuhu, Anhui Province, the company operates an integrated network of production facilities that serve residential, commercial and infrastructure markets across multiple regions in China. Its product portfolio covers a broad range of cement types, including ordinary portland cement, blended cement and special-purpose cements for roads and high‐performance construction projects.

Established in 1997 as part of the Anhui Conch Group’s expansion into building materials, Anhui Conch Cement was listed on the Shanghai Stock Exchange in 2003.