Anhui Conch Cement (OTCMKTS:AHCHY) Shares Gap Up - What's Next?

Key Points

• Anhui Conch Cement shares opened at $15.99, up from a previous close of $15.31, with a trading volume of 194 shares.
• The company recently cut its dividend, issuing a payment of $0.3531 per share, reflecting a high yield of 277.0% and a payout ratio of 33.33%.
• Anhui Conch Cement has a market capitalization of $16.95 billion and a healthy quick ratio of 3.17.

Anhui Conch Cement Co. (OTCMKTS:AHCHY - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $15.31, but opened at $15.99. Anhui Conch Cement shares last traded at $15.99, with a volume of 194 shares changing hands.

Anhui Conch Cement Stock Up 2.7%

The company's 50 day moving average is $14.61 and its 200 day moving average is $13.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.17 and a current ratio of 3.48.

Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.17). The business had revenue of $5.77 billion during 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 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.