Anhui Conch Cement (OTCMKTS:AHCHY) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $13.50 and traded as high as $15.33. Anhui Conch Cement shares last traded at $15.33, with a volume of 6,656 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised 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 market cap of $16.24 billion, a price-to-earnings ratio of 15.96 and a beta of 0.39. The stock has a fifty day simple moving average of $13.50 and a 200-day simple moving average of $13.26. The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08.

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.