Anhui Conch Cement (OTCMKTS:AHCHY) Shares Gap Down – Here’s What Happened

Shares of Anhui Conch Cement Co. (OTCMKTS:AHCHY) gapped down before the market opened on Monday . The stock had previously closed at $11.3205, but opened at $10.79. Anhui Conch Cement shares last traded at $10.79, with a volume of 329 shares changing hands.

Anhui Conch Cement Stock Down 4.5%

The stock’s 50-day moving average price is $11.13 and its two-hundred day moving average price is $12.63. The stock has a market capitalization of $11.36 billion, a PE ratio of 12.11 and a beta of 0.21. 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 results 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 analysts’ expectations of $5.33 billion. Anhui Conch Cement had a net margin of 8.02% and a return on equity of 3.11%.

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.