Anhui Conch Cement (OTCMKTS:AHCHY) Reaches New 1-Year Low – Here’s Why

Shares of Anhui Conch Cement Co. (OTCMKTS:AHCHY) hit a new 52-week low during trading on Friday . The stock traded as low as $10.52 and last traded at $11.02, with a volume of 2197 shares changing hands. The stock had previously closed at $10.58.

Anhui Conch Cement Stock Performance

The stock’s 50 day moving average price is $11.11 and its two-hundred day moving average price is $12.48. The firm has a market capitalization of $11.16 billion, a price-to-earnings ratio of 11.90 and a beta of 0.18. The company has a current ratio of 3.64, a quick ratio of 3.30 and a debt-to-equity ratio of 0.10.

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 net margin of 8.02% and a return on equity of 3.11%. The company had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.33 billion.

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.