China Resources Cement (OTCMKTS:CARCY) Share Price Passes Below 50 Day Moving Average – What’s Next?

China Resources Cement Holdings Ltd. Unsponsored ADR (OTCMKTS:CARCY) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.04 and traded as low as $4.5056. China Resources Cement shares last traded at $4.5056, with a volume of 100 shares traded.

China Resources Cement Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.61 and a quick ratio of 0.44. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 45.06 and a beta of -0.03. The stock’s fifty day moving average price is $5.04 and its 200-day moving average price is $5.58.

China Resources Cement Company Profile

China Resources Cement Holdings Limited (OTCMKTS: CARCY) is a leading integrated producer of cement and building materials in the People’s Republic of China. As a subsidiary of the state-owned conglomerate China Resources Group, the company focuses on the manufacturing, distribution and sale of cement, clinker and related products. Headquartered in Hong Kong, China Resources Cement leverages its parent’s nationwide infrastructure to support construction and infrastructure development across mainland China.

The company’s core operations encompass the production of Portland cement, blended cement and specialty cements tailored for engineering and construction applications.