Anhui Conch Cement Company Limited (OTCMKTS:AHCHY - Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 4,400 shares, a decrease of 35.3% from the March 15th total of 6,800 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 16,000 shares, the short-interest ratio is presently 0.3 days.
Anhui Conch Cement Stock Performance
AHCHY stock traded down $0.21 during trading on Monday, reaching $13.69. The company had a trading volume of 12,055 shares, compared to its average volume of 15,572. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 14.26 and a beta of 0.34. Anhui Conch Cement has a twelve month low of $9.98 and a twelve month high of $17.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.03 and a current ratio of 3.40. The firm has a 50-day simple moving average of $13.94 and a 200-day simple moving average of $13.62.
Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) last posted its quarterly earnings data on Monday, March 24th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.16). Anhui Conch Cement had a return on equity of 3.72% and a net margin of 6.70%. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $47.10 billion.
Analyst Ratings Changes
Separately, The Goldman Sachs Group upgraded Anhui Conch Cement from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th.
Read Our Latest Stock Report on Anhui Conch Cement
Anhui Conch Cement Company Profile
(
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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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