Anhui Conch Cement (OTCMKTS:AHCHY) Shares Gap Down - Time to Sell?

Key Points

• Anhui Conch Cement shares experienced a significant gap down, opening at $15.24 after closing at $15.84, reflecting shifts in market sentiment.
• The company reported earnings per share of $0.37 for the last quarter, which was below analysts' expectations of $0.54, indicating potential concerns about performance.
• Anhui Conch Cement announced a dividend payment of $0.1173, with a yield of 77.0%, set for distribution on October 15th, suggesting a proactive approach to retain investor interest despite recent stock performance.

Anhui Conch Cement Co. (OTCMKTS:AHCHY - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $15.84, but opened at $15.24. Anhui Conch Cement shares last traded at $15.23, with a volume of 6,649 shares trading hands.

Anhui Conch Cement Stock Performance

The firm has a 50-day moving average price of $15.20 and a 200 day moving average price of $14.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.23 and a quick ratio of 2.93.

Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) last posted its earnings results on Tuesday, August 26th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.17). Anhui Conch Cement had a net margin of 10.74% and a return on equity of 4.65%. The firm had revenue of $5.77 billion during the quarter, compared to analyst estimates of $24 billion.

Anhui Conch Cement Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 10th will be paid a $0.1173 dividend. This represents a dividend yield of 77.0%. The ex-dividend date is Tuesday, September 9th. Anhui Conch Cement's payout ratio 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.