Anhui Conch Cement (OTCMKTS:AHCHY) Reaches New 12-Month Low – Time to Sell?

Anhui Conch Cement Co. (OTCMKTS:AHCHY)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $11.36 and last traded at $11.36, with a volume of 31642 shares trading hands. The stock had previously closed at $11.97.

Anhui Conch Cement Stock Performance

The business’s fifty day moving average price is $12.81 and its two-hundred day moving average price is $14.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.92 and a current ratio of 3.19. The stock has a market capitalization of $12.00 billion, a P/E ratio of 10.53 and a beta of 0.19.

Anhui Conch Cement (OTCMKTS:AHCHY) last announced its quarterly earnings results on Tuesday, March 24th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). Anhui Conch Cement had a net margin of 9.72% and a return on equity of 3.92%. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.58 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.