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

Anhui Conch Cement Co. (OTCMKTS:AHCHY)’s stock price dropped 5.6% on Tuesday . The company traded as low as $10.66 and last traded at $10.6601. Approximately 4,893 shares traded hands during 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 Price Performance

The company has a fifty day simple moving average of $11.13 and a 200-day simple moving average of $12.59. The company has a market cap of $11.26 billion, a P/E ratio of 12.00 and a beta of 0.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.64 and a quick ratio of 3.30.

Anhui Conch Cement (OTCMKTS:AHCHY) last released its quarterly earnings data on Wednesday, August 26th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate 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 (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.