Anhui Conch Cement (OTCMKTS:AHCHY) Share Price Passes Below 50-Day Moving Average – Should You Sell?

by · The Markets Daily

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY – Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $13.67 and traded as low as $12.44. Anhui Conch Cement shares last traded at $12.55, with a volume of 8,290 shares.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Anhui Conch Cement from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th.

Check Out Our Latest Research Report on AHCHY

Anhui Conch Cement Trading Down 1.7%

The company has a debt-to-equity ratio of 0.08, a current ratio of 3.40 and a quick ratio of 3.03. The firm’s 50 day moving average price is $13.67 and its 200 day moving average price is $13.48. The stock has a market capitalization of $13.30 billion, a P/E ratio of 13.07 and a beta of 0.27.

Anhui Conch Cement (OTCMKTS:AHCHY – Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.23 earnings per share (EPS) for the quarter. Anhui Conch Cement had a return on equity of 3.72% and a net margin of 6.70%. The company had revenue of $2.62 billion for the quarter.

Anhui Conch Cement Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.3531 per share. The ex-dividend date is Wednesday, June 4th. This represents a dividend yield of 2.77%. Anhui Conch Cement’s dividend payout ratio (DPR) is presently 31.53%.

About Anhui Conch Cement

(Get Free Report)

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products. The company operates through five segments: Eastern China, Central China, Southern China, Western China, and Overseas. It provides construction and installation services for industrial purposes; logistic services; and mining and related services.

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