Anhui Conch Cement (OTCMKTS:AHCHY) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.54 and traded as low as $12.80. Anhui Conch Cement shares last traded at $12.81, with a volume of 20,709 shares traded.

Analysts Set New Price Targets

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

Anhui Conch Cement Price Performance

The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 13.34 and a beta of 0.39. The company has a quick ratio of 3.03, a current ratio of 3.40 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $13.80 and its two-hundred day moving average price is $13.54.

Anhui Conch Cement (OTCMKTS:AHCHY) last posted its quarterly earnings results on Monday, March 24th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.16). The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $47.10 billion. Anhui Conch Cement had a return on equity of 3.72% and a net margin of 6.70%.

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.