Anhui Conch Cement (OTCMKTS:AHCHY) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.54 and traded as low as $12.80. Anhui Conch Cement shares last traded at $12.81, with a volume of 20,709 shares traded.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Anhui Conch Cement from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th.

Anhui Conch Cement Price Performance

The stock has a 50-day moving average of $13.80 and a two-hundred day moving average of $13.54. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 13.34 and a beta of 0.39. The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08.

Anhui Conch Cement (OTCMKTS:AHCHY) last posted its quarterly earnings data on Monday, March 24th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.16). Anhui Conch Cement had a net margin of 6.70% and a return on equity of 3.72%. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $47.10 billion.

Anhui Conch Cement Company Profile

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.