Anhui Conch Cement (OTCMKTS:AHCHY) Trading 6.4% Higher – Time to Buy?

Anhui Conch Cement Co. (OTCMKTS:AHCHY)’s share price shot up 6.4% during trading on Wednesday . The company traded as high as $11.7299 and last traded at $11.7299. Approximately 10,005 shares changed hands during trading, a decline of 84% from the average session volume of 61,683 shares. The stock had previously closed at $11.0250.

Anhui Conch Cement Stock Performance

The company has a 50 day simple moving average of $11.14 and a 200 day simple moving average of $12.73. The company has a quick ratio of 3.30, a current ratio of 3.64 and a debt-to-equity ratio of 0.10. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 10.75 and a beta of 0.21.

Anhui Conch Cement (OTCMKTS:AHCHY) last posted its earnings results on Wednesday, August 26th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.24). Anhui Conch Cement had a net margin of 9.72% and a return on equity of 3.86%.

About Anhui Conch Cement

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.