Anhui Conch Cement Company Limited (OTCMKTS:AHCHY - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $13.55 and traded as low as $12.32. Anhui Conch Cement shares last traded at $12.32, with a volume of 10,615 shares.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group upgraded Anhui Conch Cement from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th.
Read Our Latest Analysis on Anhui Conch Cement
Anhui Conch Cement Stock Performance
The stock's 50 day moving average is $13.53 and its two-hundred day moving average is $13.44. The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 12.83 and a beta of 0.24.
Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.23 EPS for the quarter. Anhui Conch Cement had a return on equity of 3.72% and a net margin of 6.70%. The firm had revenue of $2.62 billion for the quarter.
Anhui Conch Cement Cuts Dividend
The company also recently announced a dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Thursday, June 5th will be paid a $0.3531 dividend. The ex-dividend date is Wednesday, June 4th. This represents a yield of 2.77%. Anhui Conch Cement's payout ratio is currently 31.53%.
Anhui Conch Cement Company Profile
(
Get Free Report)
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.
Read More
Before you consider Anhui Conch Cement, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Anhui Conch Cement wasn't on the list.
While Anhui Conch Cement currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
