Anhui Conch Cement (OTCMKTS:AHCHY) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Anhui Conch Cement Co. (OTCMKTS:AHCHY) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.28 and traded as high as $15.68. Anhui Conch Cement shares last traded at $15.62, with a volume of 17,539 shares trading hands.

Anhui Conch Cement Stock Performance

The company’s fifty day moving average is $15.41 and its 200-day moving average is $14.28. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.93 and a current ratio of 3.23.

Anhui Conch Cement (OTCMKTS:AHCHY) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.17). The business had revenue of $5.77 billion for the quarter, compared to analysts’ expectations of $24 billion. Anhui Conch Cement had a net margin of 10.74% and a return on equity of 4.65%.

Anhui Conch Cement Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 10th were issued a $0.1173 dividend. This represents a yield of 77.0%. The ex-dividend date of this dividend was Tuesday, September 9th. Anhui Conch Cement’s payout ratio is currently 19.67%.

About Anhui Conch Cement

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products. The company operates through five segments: Eastern China, Central China, Southern China, Western China, and Overseas. It provides construction and installation services for industrial purposes; logistic services; and mining and related services.