Anhui Conch Cement (OTCMKTS:AHCHY) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Anhui Conch Cement Co. (OTCMKTS:AHCHY) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.99 and traded as low as $11.6854. Anhui Conch Cement shares last traded at $12.19, with a volume of 35,157 shares traded.

Anhui Conch Cement Stock Performance

The company has a market cap of $12.81 billion, a PE ratio of 11.24 and a beta of 0.20. The company has a current ratio of 3.19, a quick ratio of 2.92 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $12.95 and its two-hundred day simple moving average is $14.35.

Anhui Conch Cement (OTCMKTS:AHCHY) last released its earnings results on Tuesday, March 24th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.17). The company had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.58 billion. Anhui Conch Cement had a return on equity of 3.92% and a net margin of 9.72%.

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.