China Resources Cement (OTCMKTS:CARCY) Stock Price Down 3.4% – Here’s Why

China Resources Cement Holdings Ltd. Unsponsored ADR (OTCMKTS:CARCY) fell 3.4% during trading on Wednesday . The company traded as low as $6.05 and last traded at $6.05. 102 shares changed hands during trading, an increase of 40,700% from the average session volume of 0 shares. The stock had previously closed at $6.26.

China Resources Cement Stock Down 3.4%

The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.54. The company has a 50-day simple moving average of $5.73 and a 200-day simple moving average of $6.22.

China Resources Cement Company Profile

China Resources Cement Holdings Limited (OTCMKTS: CARCY) is a leading integrated producer of cement and building materials in the People’s Republic of China. As a subsidiary of the state-owned conglomerate China Resources Group, the company focuses on the manufacturing, distribution and sale of cement, clinker and related products. Headquartered in Hong Kong, China Resources Cement leverages its parent’s nationwide infrastructure to support construction and infrastructure development across mainland China.

The company’s core operations encompass the production of Portland cement, blended cement and specialty cements tailored for engineering and construction applications.