Anhui Conch Cement (OTCMKTS:AHCHY) Shares Gap Up - Should You Buy?

Key Points

• Anhui Conch Cement shares experienced a gap up at the market open, rising from a previous close of $15.52 to an opening price of $17.11, but fell back to $16.31 later in the trading session.
• The company reported a quarterly earnings miss with an EPS of $0.37, falling short of the consensus estimate of $0.54, and net revenues significantly below analyst expectations at $5.77 billion versus a forecast of $24 billion.
• Anhui Conch Cement has announced a dividend payment of $0.1173 per share, with a dividend yield of 77.0% and a payout ratio currently at 18.85%.

Anhui Conch Cement Co. (OTCMKTS:AHCHY - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $15.52, but opened at $17.11. Anhui Conch Cement shares last traded at $16.31, with a volume of 500 shares.

Anhui Conch Cement Price Performance

The business's 50 day simple moving average is $15.14 and its 200 day simple moving average is $14.13. The company has a quick ratio of 3.17, a current ratio of 3.23 and a debt-to-equity ratio of 0.10.

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

Anhui Conch Cement Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.1173 per share. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a dividend yield of 77.0%. Anhui Conch Cement's payout ratio is currently 18.85%.

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.