Anhui Conch Cement (OTCMKTS:AHCHY) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Anhui Conch Cement Co. (OTCMKTS:AHCHY)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $15.16 and traded as high as $16.00. Anhui Conch Cement shares last traded at $16.00, with a volume of 16,356 shares trading hands.

Anhui Conch Cement Stock Performance

The firm has a fifty day moving average price of $15.16 and a 200 day moving average price of $15.21. The company has a current ratio of 3.23, a quick ratio of 2.93 and a debt-to-equity ratio of 0.10.

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.