Anhui Conch Cement (OTCMKTS:AHCHY) Reaches New 52-Week Low – What’s Next?

Anhui Conch Cement Co. (OTCMKTS:AHCHY) shares hit a new 52-week low during trading on Wednesday. The stock traded as low as $9.9101 and last traded at $9.9101, with a volume of 2355 shares. The stock had previously closed at $10.21.

Anhui Conch Cement Price Performance

The stock has a market cap of $10.60 billion, a P/E ratio of 11.30 and a beta of 0.18. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.30 and a current ratio of 3.64. The firm has a 50-day moving average price of $10.97 and a 200-day moving average price of $11.92.

Anhui Conch Cement (OTCMKTS:AHCHY) last issued its quarterly 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). Anhui Conch Cement had a return on equity of 3.11% and a net margin of 8.02%.The firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.33 billion.

About Anhui Conch Cement

Anhui Conch Cement Company Limited is a China-based manufacturer of cement and related building materials. The company’s principal products include cement clinker and finished cement, which are used in residential and commercial construction, infrastructure projects, roads, bridges and other industrial applications.

Founded in 1997 and headquartered in Wuhu, Anhui Province, Anhui Conch Cement operates an integrated production network that includes limestone mining, clinker production, cement grinding and distribution.