The Goldman Sachs Group Upgrades Anhui Conch Cement (OTCMKTS:AHCHY) to “Hold”

Anhui Conch Cement (OTCMKTS:AHCHY) was upgraded by equities researchers at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Anhui Conch Cement Price Performance

Shares of Anhui Conch Cement stock opened at $12.46 on Wednesday. The stock has a market capitalization of $13.21 billion, a P/E ratio of 7.51 and a beta of 0.28. The business has a 50 day simple moving average of $13.19 and a two-hundred day simple moving average of $12.71. Anhui Conch Cement has a 12 month low of $9.82 and a 12 month high of $17.19. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.40 and a quick ratio of 3.03.

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.