Anhui Conch Cement (OTCMKTS:AHCHY) Reaches New 12-Month Low – Here’s Why

Anhui Conch Cement Co. (OTCMKTS:AHCHY) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $11.19 and last traded at $11.24, with a volume of 72247 shares trading hands. The stock had previously closed at $11.33.

Anhui Conch Cement Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.92 and a current ratio of 3.19. The stock’s 50 day simple moving average is $12.31 and its two-hundred day simple moving average is $13.95. The firm has a market capitalization of $11.86 billion, a PE ratio of 10.41 and a beta of 0.19.

Anhui Conch Cement (OTCMKTS:AHCHY) last posted its quarterly earnings results on Tuesday, March 24th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). Anhui Conch Cement had a net margin of 9.72% and a return on equity of 3.92%. The company had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.58 billion.

Anhui Conch Cement Company Profile

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.