Anhui Conch Cement (OTCMKTS:AHCHY) Shares Gap Down – Here’s What Happened

Anhui Conch Cement Co. (OTCMKTS:AHCHY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $11.3205, but opened at $10.79. Anhui Conch Cement shares last traded at $10.79, with a volume of 329 shares.

Anhui Conch Cement Price Performance

The company has a quick ratio of 3.30, a current ratio of 3.64 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $11.13 and a two-hundred day moving average price of $12.63. The stock has a market capitalization of $11.36 billion, a P/E ratio of 12.11 and a beta of 0.21.

Anhui Conch Cement (OTCMKTS:AHCHY) last posted its quarterly earnings results on Wednesday, August 26th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). The company had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Anhui Conch Cement had a return on equity of 3.11% and a net margin of 8.02%.

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.