Anhui Conch Cement (OTCMKTS:AHCHY) Shares Down 5.6% – What’s Next?

Anhui Conch Cement Co. (OTCMKTS:AHCHY)’s stock price traded down 5.6% during trading on Tuesday . The stock traded as low as $10.66 and last traded at $10.6601. 4,893 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 61,329 shares. The stock had previously closed at $11.2870.

Anhui Conch Cement Stock Down 1.5%

The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.30 and a current ratio of 3.64. The stock has a market cap of $11.26 billion, a price-to-earnings ratio of 12.00 and a beta of 0.21. The business’s 50 day moving average is $11.13 and its 200 day moving average is $12.59.

Anhui Conch Cement (OTCMKTS:AHCHY) last announced its 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 firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.33 billion. Anhui Conch Cement had a net margin of 8.02% and a return on equity of 3.11%.

Anhui Conch Cement Company Profile

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.