Anhui Conch Cement (OTCMKTS:AHCHY) Shares Pass Above Fifty Day Moving Average - What's Next?

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY - Get Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $13.87 and traded as high as $14.98. Anhui Conch Cement shares last traded at $14.10, with a volume of 5,160 shares trading hands.

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.

Anhui Conch Cement Price Performance

The stock has a 50 day moving average price of $13.94 and a two-hundred day moving average price of $13.66. 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 has a market capitalization of $14.73 billion, a price-to-earnings ratio of 14.48 and a beta of 0.34.

Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.16). The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $47.10 billion. Anhui Conch Cement had a return on equity of 3.72% and a net margin of 6.70%.

About Anhui Conch Cement

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.