Anhui Conch Cement (OTCMKTS:AHCHY) Sees Strong Trading Volume – Should You Buy?

Shares of Anhui Conch Cement Co. (OTCMKTS:AHCHY) saw an uptick in trading volume on Wednesday . 623,645 shares changed hands during mid-day trading, an increase of 1,816% from the previous session’s volume of 32,541 shares.The stock last traded at $16.19 and had previously closed at $16.0450.

Anhui Conch Cement Price Performance

The firm has a market capitalization of $16.97 billion, a PE ratio of 12.91 and a beta of 0.20. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.93 and a current ratio of 3.23. The business’s 50 day moving average is $14.98 and its two-hundred day moving average is $15.14.

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.