Anhui Conch Cement (OTCMKTS:AHCHY) Sets New 52-Week Low – Here’s What Happened

Anhui Conch Cement Co. (OTCMKTS:AHCHY) shares hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $9.72 and last traded at $10.09, with a volume of 2857 shares. The stock had previously closed at $10.1170.

Anhui Conch Cement Stock Performance

The business’s fifty day moving average is $10.73 and its two-hundred day moving average is $11.64. The stock has a market capitalization of $10.54 billion, a PE ratio of 11.24 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.

Anhui Conch Cement (OTCMKTS:AHCHY) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations 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.