Anhui Conch Cement Company Limited (OTCMKTS:AHCHY - Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 1,200 shares, a decline of 40.0% from the May 15th total of 2,000 shares. Based on an average daily volume of 24,300 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's stock are short sold.
Anhui Conch Cement Stock Performance
AHCHY stock traded up $0.12 during trading on Monday, reaching $12.44. The stock had a trading volume of 39,537 shares, compared to its average volume of 13,893. The firm has a market cap of $13.18 billion, a PE ratio of 12.96 and a beta of 0.24. The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08. The stock's 50 day moving average is $13.53 and its two-hundred day moving average is $13.44. Anhui Conch Cement has a 52 week low of $9.98 and a 52 week high of $17.19.
Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.23 earnings per share (EPS) for the quarter. Anhui Conch Cement had a net margin of 6.70% and a return on equity of 3.72%. The company had revenue of $2.62 billion during the quarter.
Anhui Conch Cement Cuts Dividend
The business also recently announced a dividend, which will be paid on Tuesday, July 15th. Investors of record on Thursday, June 5th will be issued a $0.3531 dividend. The ex-dividend date is Wednesday, June 4th. This represents a yield of 2.77%. Anhui Conch Cement's dividend payout ratio is currently 31.53%.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded Anhui Conch Cement from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th.
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Anhui Conch Cement Company Profile
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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.
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