Anhui Conch Cement (OTCMKTS:AHCHY) Hits New 52-Week Low – Here’s What Happened

Shares of Anhui Conch Cement Co. (OTCMKTS:AHCHY) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $10.52 and last traded at $11.02, with a volume of 2197 shares traded. The stock had previously closed at $10.58.

Anhui Conch Cement Trading Down 0.6%

The company has a 50 day moving average price of $11.10 and a 200 day moving average price of $12.47. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of 11.82 and a beta of 0.18. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.30 and a current ratio of 3.64.

Anhui Conch Cement (OTCMKTS:AHCHY) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). The business had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.33 billion. Anhui Conch Cement had a return on equity of 3.11% and a net margin of 8.02%.

Anhui Conch Cement Company Profile

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.