Anhui Conch Cement (OTCMKTS:AHCHY) Shares Gap Down - Should You Sell?

Key Points

• Anhui Conch Cement shares gapped down from a closing price of $14.64 to an opening of $13.92, reflecting a decline in market performance.
• The company reported earnings per share of $0.37, missing the consensus estimate of $0.54 and generating revenue significantly below expectations at $5.77 billion.
• Anhui Conch Cement will pay a dividend of $0.1173 on October 15th, with a remarkably high dividend yield of 77.0%, although the company has a modest dividend payout ratio of 18.85%.

Anhui Conch Cement Co. (OTCMKTS:AHCHY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $14.64, but opened at $13.92. Anhui Conch Cement shares last traded at $14.41, with a volume of 5,954 shares changing hands.

Anhui Conch Cement Stock Performance

The company has a market cap of $15.27 billion, a P/E ratio of 11.81 and a beta of 0.24. The company's 50-day moving average is $15.22 and its two-hundred day moving average is $14.16. The company has a quick ratio of 2.93, a current ratio of 3.23 and a debt-to-equity ratio of 0.10.

Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.17). The company had revenue of $5.77 billion for the quarter, compared to the consensus estimate 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 disclosed a dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 10th will be given a $0.1173 dividend. This represents a dividend yield of 77.0%. The ex-dividend date is Tuesday, September 9th. Anhui Conch Cement's dividend payout ratio (DPR) is 18.85%.

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.

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