Anhui Conch Cement (OTCMKTS:AHCHY) Hits New 52-Week Low – Here’s Why

Anhui Conch Cement Co. (OTCMKTS:AHCHY)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $9.9101 and last traded at $9.9101, with a volume of 2355 shares changing hands. The stock had previously closed at $10.21.

Anhui Conch Cement Stock Down 0.0%

The company has a market capitalization of $10.59 billion, a P/E ratio of 11.29 and a beta of 0.18. The business’s fifty day moving average price is $11.00 and its 200 day moving average price is $11.98. The company has a current ratio of 3.64, a quick ratio of 3.30 and a debt-to-equity ratio of 0.10.

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 business had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.33 billion. Anhui Conch Cement had a return on equity of 3.11% and a net margin of 8.02%.

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited is a China-based manufacturer of cement and related building materials. The company’s principal products include cement clinker and finished cement, which are used in residential and commercial construction, infrastructure projects, roads, bridges and other industrial applications.

Founded in 1997 and headquartered in Wuhu, Anhui Province, Anhui Conch Cement operates an integrated production network that includes limestone mining, clinker production, cement grinding and distribution.