Anhui Conch Cement (OTCMKTS:AHCHY) Shares Gap Down – What’s Next?

Shares of Anhui Conch Cement Co. (OTCMKTS:AHCHY) gapped down prior to trading on Monday . The stock had previously closed at $11.3205, but opened at $10.79. Anhui Conch Cement shares last traded at $10.79, with a volume of 329 shares.

Anhui Conch Cement Stock Down 1.6%

The stock’s fifty day moving average price is $11.12 and its 200 day moving average price is $12.56. The company has a current ratio of 3.64, a quick ratio of 3.30 and a debt-to-equity ratio of 0.10. The stock has a market cap of $11.24 billion, a P/E ratio of 11.99 and a beta of 0.18.

Anhui Conch Cement (OTCMKTS:AHCHY) last posted its quarterly earnings data 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 3.11% and a net margin of 8.02%.The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.33 billion.

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.