Anhui Conch Cement (OTCMKTS:AHCHY) Shares Down 5.6% – Here’s Why

Anhui Conch Cement Co. (OTCMKTS:AHCHY)’s stock price was down 5.6% during trading on Tuesday . The company traded as low as $10.66 and last traded at $10.6601. Approximately 4,893 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 61,329 shares. The stock had previously closed at $11.2870.

Anhui Conch Cement Trading Down 0.9%

The firm has a market cap of $11.14 billion, a P/E ratio of 11.88 and a beta of 0.18. The stock has a 50 day simple moving average of $11.11 and a 200-day simple moving average of $12.52. The company has a current ratio of 3.64, a quick ratio of 3.30 and a debt-to-equity ratio of 0.10.

Anhui Conch Cement (OTCMKTS:AHCHY) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). Anhui Conch Cement had a return on equity of 3.11% and a net margin of 8.02%.The business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.33 billion.

About Anhui Conch Cement

Anhui Conch Cement Company Limited (OTCMKTS: AHCHY) is one of China’s leading cement manufacturers, specializing in the production and sale of cement, clinker and related building materials. Headquartered in Wuhu, Anhui Province, the company operates an integrated network of production facilities that serve residential, commercial and infrastructure markets across multiple regions in China. Its product portfolio covers a broad range of cement types, including ordinary portland cement, blended cement and special-purpose cements for roads and high‐performance construction projects.

Established in 1997 as part of the Anhui Conch Group’s expansion into building materials, Anhui Conch Cement was listed on the Shanghai Stock Exchange in 2003.