Anhui Conch Cement (OTCMKTS:AHCHY) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Anhui Conch Cement Co. (OTCMKTS:AHCHY)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $14.77 and traded as high as $15.69. Anhui Conch Cement shares last traded at $15.60, with a volume of 17,557 shares traded.

Anhui Conch Cement Trading Up 5.4%

The company has a current ratio of 3.23, a quick ratio of 2.93 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average price is $14.77 and its 200 day moving average price is $15.03.

Anhui Conch Cement (OTCMKTS:AHCHY) last issued its earnings results on Thursday, October 30th. The company reported $0.26 earnings per share (EPS) for the quarter. Anhui Conch Cement had a net margin of 11.15% and a return on equity of 4.68%. The business 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.