Anhui Conch Cement (OTCMKTS:AHCHY) Stock Jumps 4.3% – Here’s Why

Anhui Conch Cement Co. (OTCMKTS:AHCHY) shares shot up 4.3% during mid-day trading on Tuesday. The company traded as high as $10.5250 and last traded at $10.45. 14,915 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 62,583 shares. The stock had previously closed at $10.02.

Anhui Conch Cement Stock Performance

The business’s 50 day moving average price is $10.88 and its two-hundred day moving average price is $11.79. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 11.42 and a beta of 0.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.61 and a current ratio of 2.90.

Anhui Conch Cement (OTCMKTS:AHCHY) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.33 billion. Anhui Conch Cement had a net margin of 8.02% and a return on equity of 3.09%.

About Anhui Conch Cement

Anhui Conch Cement Company Limited is a China-based building materials manufacturer focused primarily on the production and sale of cement and clinker. Its products are used in residential, commercial and infrastructure construction, including roads, bridges and other large-scale development projects.

Founded in 1997 and headquartered in Wuhu, Anhui Province, the company operates cement and clinker production facilities and related distribution networks. Its business also includes the production of commercial concrete and the development of supporting activities such as logistics, equipment manufacturing and environmental services.

Anhui Conch Cement primarily serves markets across mainland China, with operations and investments extending into selected overseas markets in Asia.