Anhui Conch Cement (OTCMKTS:AHCHY) Shares Climb 4.3% – Here’s What Happened

Shares of Anhui Conch Cement Co. (OTCMKTS:AHCHY) rose 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 were traded during trading, a decline of 76% from the average daily volume of 62,583 shares. The stock had previously closed at $10.02.

Anhui Conch Cement Trading Up 5.1%

The firm has a market cap of $11.10 billion, a P/E ratio of 11.83 and a beta of 0.18. 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 50 day moving average is $10.92 and its two-hundred day moving average is $11.86.

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

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited is a China-based manufacturer of cement and related building materials. The company’s principal products include cement clinker and finished cement, which are used in residential and commercial construction, infrastructure projects, roads, bridges and other industrial applications.

Founded in 1997 and headquartered in Wuhu, Anhui Province, Anhui Conch Cement operates an integrated production network that includes limestone mining, clinker production, cement grinding and distribution.