Anhui Conch Cement (OTCMKTS:AHCHY) Shares Climb 4.3% – Here’s Why

Anhui Conch Cement Co. (OTCMKTS:AHCHY)’s stock price traded up 4.3% during trading on Tuesday. The stock traded as high as $10.5250 and last traded at $10.45. 14,915 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 62,583 shares. The stock had previously closed at $10.02.

Anhui Conch Cement Stock Performance

The stock has a 50-day moving average price of $10.92 and a 200-day moving average price of $11.86. The firm has a market capitalization of $11.10 billion, a PE ratio of 11.83 and a beta of 0.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.90 and a quick ratio of 2.61.

Anhui Conch Cement (OTCMKTS:AHCHY) last posted its quarterly earnings results on Wednesday, August 26th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). The firm had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.33 billion. Anhui Conch Cement had a return on equity of 3.09% and a net margin of 8.02%.

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited is a China-based manufacturer of cement and related building materials. The company’s principal products include cement clinker and finished cement, which are used in residential and commercial construction, infrastructure projects, roads, bridges and other industrial applications.

Founded in 1997 and headquartered in Wuhu, Anhui Province, Anhui Conch Cement operates an integrated production network that includes limestone mining, clinker production, cement grinding and distribution.