Anhui Conch Cement (OTCMKTS:AHCHY) Shares Gap Up – Should You Buy?

Anhui Conch Cement Co. (OTCMKTS:AHCHY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $15.32, but opened at $16.29. Anhui Conch Cement shares last traded at $15.65, with a volume of 631 shares changing hands.

Anhui Conch Cement Stock Down 0.2%

The firm’s fifty day moving average is $14.78 and its 200-day moving average is $15.07. 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 has a market capitalization of $16.60 billion, a PE ratio of 12.63 and a beta of 0.20.

Anhui Conch Cement (OTCMKTS:AHCHY) last posted its earnings results on Thursday, October 30th. The company reported $0.26 EPS for the quarter. Anhui Conch Cement had a return on equity of 4.68% and a net margin of 11.15%.The company had revenue of $2.80 billion for the quarter.

About Anhui Conch Cement

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.