Anhui Conch Cement (OTCMKTS:AHCHY) Stock Price Up 6.4% – Time to Buy?

Anhui Conch Cement Co. (OTCMKTS:AHCHY) was up 6.4% during trading on Wednesday . The stock traded as high as $11.7299 and last traded at $11.7299. 10,005 shares traded hands during trading, a decline of 84% from the average daily volume of 61,683 shares. The stock had previously closed at $11.0250.

Anhui Conch Cement Price Performance

The business has a 50-day moving average price of $11.14 and a two-hundred day moving average price of $12.66. The company has a quick ratio of 3.30, a current ratio of 3.64 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 12.72 and a beta of 0.21.

Anhui Conch Cement (OTCMKTS:AHCHY) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). Anhui Conch Cement had a net margin of 8.02% and a return on equity of 3.11%. The business had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.33 billion.

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.