Anhui Conch Cement (OTCMKTS:AHCHY) Hits New 52-Week Low – Time to Sell?

Shares of Anhui Conch Cement Co. (OTCMKTS:AHCHY) reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $9.72 and last traded at $10.09, with a volume of 2857 shares trading hands. The stock had previously closed at $10.1170.

Anhui Conch Cement Stock Down 0.4%

The company has a quick ratio of 2.61, a current ratio of 2.90 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $10.80 and a 200-day simple moving average of $11.70. The firm has a market cap of $10.62 billion, a P/E ratio of 11.32 and a beta of 0.20.

Anhui Conch Cement (OTCMKTS:AHCHY) last released its earnings results on Wednesday, August 26th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.33 billion. Anhui Conch Cement had a net margin of 8.02% and a return on equity of 3.09%.

About Anhui Conch Cement

Anhui Conch Cement Company Limited is a China-based building materials manufacturer focused primarily on the production and sale of cement and clinker. Its products are used in residential, commercial and infrastructure construction, including roads, bridges and other large-scale development projects.

Founded in 1997 and headquartered in Wuhu, Anhui Province, the company operates cement and clinker production facilities and related distribution networks. Its business also includes the production of commercial concrete and the development of supporting activities such as logistics, equipment manufacturing and environmental services.

Anhui Conch Cement primarily serves markets across mainland China, with operations and investments extending into selected overseas markets in Asia.