Anhui Conch Cement (OTCMKTS:AHCHY) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $12.99 and traded as high as $13.63. Anhui Conch Cement shares last traded at $13.60, with a volume of 14,204 shares.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Anhui Conch Cement from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 8th.

Anhui Conch Cement Price Performance

The stock has a 50-day moving average price of $13.02 and a 200 day moving average price of $12.94. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.40 and a quick ratio of 3.03. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 14.16 and a beta of 0.28.

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.