Anhui Conch Cement (OTCMKTS:AHCHY) Stock Passes Below 50 Day Moving Average - Here's What Happened

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $14.15 and traded as low as $13.52. Anhui Conch Cement shares last traded at $13.56, with a volume of 11,053 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Anhui Conch Cement from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th.

Anhui Conch Cement Price Performance

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 firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 13.48 and a beta of 0.27. The company's 50 day moving average is $14.07 and its 200-day moving average is $13.56.

Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.23 EPS for the quarter. Anhui Conch Cement had a net margin of 6.70% and a return on equity of 3.72%. The business had revenue of $2.62 billion during the quarter.

Anhui Conch Cement Company Profile

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.