Anhui Conch Cement (OTCMKTS:AHCHY) Sees Unusually-High Trading Volume – Time to Buy?

Anhui Conch Cement Co. (OTCMKTS:AHCHY) shares saw unusually-high trading volume on Thursday . Approximately 52,661 shares changed hands during mid-day trading, an increase of 307% from the previous session’s volume of 12,932 shares.The stock last traded at $15.65 and had previously closed at $15.7535.

Anhui Conch Cement Stock Up 0.6%

The stock has a 50-day simple moving average of $15.23 and a 200-day simple moving average of $14.43. The company has a market cap of $16.69 billion, a price-to-earnings ratio of 12.91 and a beta of 0.20. The company has a current ratio of 3.23, a quick ratio of 2.93 and a debt-to-equity ratio of 0.10.

Anhui Conch Cement (OTCMKTS:AHCHY) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.26 EPS for the quarter. Anhui Conch Cement had a net margin of 10.74% and a return on equity of 4.65%. The business had revenue of $2.80 billion for the quarter.

Anhui Conch Cement Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.1173 per share. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a dividend yield of 77.0%. Anhui Conch Cement’s dividend payout ratio (DPR) is 18.55%.

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products. The company operates through five segments: Eastern China, Central China, Southern China, Western China, and Overseas. It provides construction and installation services for industrial purposes; logistic services; and mining and related services.