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

Key Points

• Anhui Conch Cement's shares gapped down on Wednesday, opening at $14.84 after closing at $15.61, and last traded at $15.21 with a volume of 13,682 shares.
• The company reported quarterly earnings of $0.37 EPS, missing estimates of $0.54, with revenues of $5.77 billion, significantly lower than the consensus estimate of $24 billion.
• Financial metrics include a P/E ratio of 12.37, a debt-to-equity ratio of 0.11, and a market capitalization of $15.99 billion, indicating a stable financial position despite the recent earnings miss.

Anhui Conch Cement Co. (OTCMKTS:AHCHY - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $15.61, but opened at $14.84. Anhui Conch Cement shares last traded at $15.21, with a volume of 13,682 shares trading hands.

Anhui Conch Cement Stock Performance

The stock's 50 day moving average is $14.91 and its two-hundred day moving average is $14.04. The company has a quick ratio of 3.17, a current ratio of 3.48 and a debt-to-equity ratio of 0.11.

Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 26th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.17). The company had revenue of $5.77 billion during the quarter, compared to analysts' expectations 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 firm also recently disclosed a dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 10th will be issued a $0.1173 dividend. The ex-dividend date is Tuesday, September 9th. This represents a yield of 77.0%. Anhui Conch Cement's dividend payout ratio is presently 30.33%.

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.