Anhui Conch Cement (OTCMKTS:AHCHY) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $14.15 and traded as low as $13.52. Anhui Conch Cement shares last traded at $13.56, with a volume of 11,053 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Anhui Conch Cement from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th.

Anhui Conch Cement Trading Up 0.4%

The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08. The business’s 50-day simple moving average is $14.15 and its two-hundred day simple moving average is $13.60. The company has a market capitalization of $14.37 billion, a PE ratio of 14.13 and a beta of 0.27.

Anhui Conch Cement (OTCMKTS:AHCHY) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.23 EPS for the quarter. Anhui Conch Cement had a net margin of 6.70% and a return on equity of 3.72%. The business had revenue of $2.62 billion for the quarter.

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.