Anhui Conch Cement (OTCMKTS:AHCHY) Shares Gap Down – Time to Sell?

Anhui Conch Cement Co. (OTCMKTS:AHCHY) shares gapped down before the market opened on Friday . The stock had previously closed at $12.19, but opened at $11.7101. Anhui Conch Cement shares last traded at $11.77, with a volume of 11,492 shares trading hands.

Anhui Conch Cement Stock Performance

The company has a market cap of $12.71 billion, a P/E ratio of 11.15 and a beta of 0.20. The firm has a 50 day moving average of $12.99 and a 200-day moving average of $14.36. The company has a quick ratio of 2.92, a current ratio of 3.19 and a debt-to-equity ratio of 0.10.

Anhui Conch Cement (OTCMKTS:AHCHY) last announced its quarterly earnings data on Tuesday, March 24th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.17). Anhui Conch Cement had a return on equity of 3.92% and a net margin of 9.72%.The firm had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.58 billion.

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.