China Resources Cement (OTCMKTS:CARCY) Sets New 52-Week Low – What’s Next?

China Resources Cement Holdings Ltd. Unsponsored ADR (OTCMKTS:CARCY) shares reached a new 52-week low on Monday. The stock traded as low as $3.42 and last traded at $3.42, with a volume of 564 shares. The stock had previously closed at $4.10.

China Resources Cement Price Performance

The business’s 50 day moving average is $3.91 and its two-hundred day moving average is $4.90. The firm has a market cap of $796.04 million, a P/E ratio of -19.00 and a beta of 0.03. The company has a quick ratio of 0.38, a current ratio of 0.55 and a debt-to-equity ratio of 0.20.

China Resources Cement (OTCMKTS:CARCY) last released its earnings results on Friday, August 21st. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $656.39 million during the quarter. China Resources Cement had a negative net margin of 1.44% and a negative return on equity of 0.61%.

China Resources Cement Company Profile

China Resources Cement Holdings Limited is a cement and building materials producer headquartered in Hong Kong and a subsidiary of China Resources Holdings. The company manufactures and sells cement and clinker, which are used in residential, commercial and infrastructure construction projects.

In addition to cement products, China Resources Cement produces and sells commercial concrete and aggregates, including crushed stone and sand used in construction. Its business also includes related building-materials activities that support the broader construction supply chain.

The company was established in 2003 and has developed an operating presence primarily in southern and southwestern China, including markets such as Guangdong, Guangxi, Fujian, Hainan and Yunnan.