Anhui Conch Cement (OTCMKTS:AHCHY) Sees Large Volume Increase – Still a Buy?

Anhui Conch Cement Co. (OTCMKTS:AHCHYGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 103,874 shares changed hands during mid-day trading, an increase of 57% from the previous session’s volume of 66,340 shares.The stock last traded at $10.62 and had previously closed at $10.59.

Anhui Conch Cement Stock Performance

The firm has a market capitalization of $11.38 billion, a PE ratio of 10.00 and a beta of 0.21. The business has a 50-day simple moving average of $11.60 and a 200-day simple moving average of $13.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.19 and a quick ratio of 2.92.

Anhui Conch Cement Company Profile

(Get Free Report)

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.

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