Anhui Conch Cement (OTCMKTS:AHCHY) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Anhui Conch Cement Co. (OTCMKTS:AHCHY) shares 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 Stock Up 5.4%

The business’s 50 day moving average is $14.77 and its two-hundred day moving average is $15.03. The company has a quick ratio of 2.93, a current ratio of 3.23 and a debt-to-equity ratio of 0.10.

Anhui Conch Cement (OTCMKTS:AHCHY) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.26 EPS for the quarter. Anhui Conch Cement had a net margin of 11.15% and a return on equity of 4.68%. The firm had revenue of $2.80 billion during the quarter.

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.