Anhui Conch Cement (OTCMKTS:AHCHY) Sees Strong Trading Volume – Still a Buy?

Anhui Conch Cement Co. (OTCMKTS:AHCHY) shares saw unusually-strong trading volume on Tuesday . Approximately 108,538 shares traded hands during trading, an increase of 770% from the previous session’s volume of 12,469 shares.The stock last traded at $14.4950 and had previously closed at $14.87.

Anhui Conch Cement Price Performance

The stock has a market cap of $15.36 billion, a P/E ratio of 11.88 and a beta of 0.22. The company has a current ratio of 3.23, a quick ratio of 2.93 and a debt-to-equity ratio of 0.10. The company’s fifty day simple moving average is $15.31 and its 200-day simple moving average is $14.39.

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

Anhui Conch Cement Cuts Dividend

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

About Anhui Conch Cement

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.