Anhui Conch Cement (OTCMKTS:AHCHY) Shares Pass Below Fifty Day Moving Average – Here’s Why

Anhui Conch Cement Co. (OTCMKTS:AHCHY)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $14.82 and traded as low as $14.6040. Anhui Conch Cement shares last traded at $14.76, with a volume of 6,518 shares trading hands.

Anhui Conch Cement Stock Down 0.6%

The company has a debt-to-equity ratio of 0.10, a current ratio of 3.23 and a quick ratio of 2.93. The business’s 50-day moving average price is $14.82 and its two-hundred day moving average price is $14.97.

Anhui Conch Cement (OTCMKTS:AHCHY) last released its earnings results on Thursday, October 30th. The company reported $0.26 EPS for the quarter. Anhui Conch Cement had a net margin of 11.15% and a return on equity of 4.68%. The firm had revenue of $2.80 billion during the quarter.

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.