Anhui Conch Cement (OTCMKTS:AHCHY) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.50 and traded as high as $15.33. Anhui Conch Cement shares last traded at $15.33, with a volume of 6,656 shares traded.

Analyst Ratings Changes

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

Anhui Conch Cement Stock Up 4.2 %

The stock has a market capitalization of $16.24 billion, a price-to-earnings ratio of 15.96 and a beta of 0.39. The firm has a 50-day moving average of $13.50 and a 200 day moving average of $13.26. 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.