Anhui Conch Cement (OTCMKTS:AHCHY) Shares Gap Up – Time to Buy?

Anhui Conch Cement Co. (OTCMKTS:AHCHY)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $9.9999, but opened at $10.58. Anhui Conch Cement shares last traded at $10.58, with a volume of 16,721 shares traded.

Anhui Conch Cement Stock Performance

The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 11.62 and a beta of 0.20. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.90 and a quick ratio of 2.61. The company’s fifty day simple moving average is $10.70 and its two-hundred day simple moving average is $11.61.

Anhui Conch Cement (OTCMKTS:AHCHY) last issued 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). Anhui Conch Cement had a return on equity of 3.09% and a net margin of 8.02%.The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.33 billion.

Anhui Conch Cement Company Profile

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.