Anhui Conch Cement (OTCMKTS:AHCHY) Stock Price Passes Above Fifty Day Moving Average - Time to Sell?

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $13.18 and traded as high as $14.53. Anhui Conch Cement shares last traded at $14.53, with a volume of 15,337 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Anhui Conch Cement from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 8th.

Anhui Conch Cement Stock Down 0.6 %

The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $13.29 and a 200 day simple moving average of $13.12. The firm has a market capitalization of $15.27 billion, a PE ratio of 15.01 and a beta of 0.39.

Anhui Conch Cement Company Profile

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.