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

Anhui Conch Cement Co. (OTCMKTS:AHCHY) gapped up prior to trading on Wednesday. The stock had previously closed at $10.4685, but opened at $10.99. Anhui Conch Cement shares last traded at $10.99, with a volume of 239 shares changing hands.

Anhui Conch Cement Stock Performance

The company has a 50-day moving average of $10.51 and a 200-day moving average of $11.43. The firm has a market capitalization of $10.79 billion, a price-to-earnings ratio of 11.51 and a beta of 0.20. The company has a current ratio of 2.90, a quick ratio of 2.61 and a debt-to-equity ratio of 0.08.

Anhui Conch Cement (OTCMKTS:AHCHY) last released its quarterly earnings data on Wednesday, August 26th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). The business had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.33 billion. Anhui Conch Cement had a return on equity of 3.09% and a net margin of 8.02%.

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited is a China-based building materials manufacturer headquartered in Wuhu, Anhui Province. The company primarily produces and sells cement and cement clinker, which are used in residential, commercial and infrastructure construction.

Anhui Conch operates an integrated production network that includes limestone mining, raw-material processing, clinker production, cement grinding and distribution. Its product portfolio serves construction projects and may also include related building-material products and services through affiliated businesses.

Established in 1997, the company has expanded its operations across multiple regions of China and into selected international markets through overseas subsidiaries and production facilities.