Anhui Conch Cement (OTCMKTS:AHCHY) Reaches New 52-Week Low – Here’s Why

Shares of Anhui Conch Cement Co. (OTCMKTS:AHCHYGet Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $11.35 and last traded at $11.37, with a volume of 3182 shares. The stock had previously closed at $11.52.

Anhui Conch Cement Price Performance

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’s 50-day moving average is $12.40 and its two-hundred day moving average is $14.01. The stock has a market cap of $11.96 billion, a PE ratio of 10.49 and a beta of 0.19.

Anhui Conch Cement (OTCMKTS:AHCHYGet Free Report) last announced its earnings results on Tuesday, March 24th. The company reported $0.25 earnings per share (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 firm had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.58 billion.

About Anhui Conch Cement

(Get Free Report)

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.

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