Anhui Conch Cement (OTCMKTS:AHCHY) Shares Gap Up – Here’s Why

Anhui Conch Cement Co. (OTCMKTS:AHCHY) shares gapped up prior to trading on Wednesday. The stock had previously closed at $10.4685, but opened at $10.99. Anhui Conch Cement shares last traded at $10.99, with a volume of 239 shares traded.

Anhui Conch Cement Price Performance

The firm has a market capitalization of $11.05 billion, a P/E ratio of 11.82 and a beta of 0.20. The company has a quick ratio of 2.61, a current ratio of 2.90 and a debt-to-equity ratio of 0.08. The business’s 50-day simple moving average is $10.48 and its 200 day simple moving average is $11.38.

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

About Anhui Conch Cement

Anhui Conch Cement Company Limited is a China-based building materials manufacturer headquartered in Wuhu, Anhui Province. The company primarily produces and sells cement and cement clinker, which are used in residential, commercial and infrastructure construction.

Anhui Conch operates an integrated production network that includes limestone mining, raw-material processing, clinker production, cement grinding and distribution. Its product portfolio serves construction projects and may also include related building-material products and services through affiliated businesses.

Established in 1997, the company has expanded its operations across multiple regions of China and into selected international markets through overseas subsidiaries and production facilities.