Anhui Conch Cement (OTCMKTS:AHCHY) Shares Gap Down – Here’s What Happened

Anhui Conch Cement Co. (OTCMKTS:AHCHYGet Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $15.89, but opened at $14.6550. Anhui Conch Cement shares last traded at $14.5715, with a volume of 762 shares.

Anhui Conch Cement Trading Down 6.4%

The company has a quick ratio of 2.93, a current ratio of 3.23 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average price is $15.32 and its two-hundred day moving average price is $14.38. The company has a market capitalization of $15.76 billion, a PE ratio of 12.19 and a beta of 0.22.

Anhui Conch Cement (OTCMKTS:AHCHYGet Free Report) last posted its earnings results on Thursday, October 30th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $2.80 billion during the quarter. Anhui Conch Cement had a net margin of 10.74% and a return on equity of 4.65%.

Anhui Conch Cement Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 10th were given a dividend of $0.1173 per share. This represents a yield of 77.0%. The ex-dividend date of this dividend was Tuesday, September 9th. Anhui Conch Cement’s payout ratio is presently 18.85%.

About Anhui Conch Cement

(Get Free Report)

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.

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