Anhui Conch Cement (OTCMKTS:AHCHY) Raised to Hold at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Anhui Conch Cement (OTCMKTS:AHCHY) from a strong sell rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

Anhui Conch Cement Trading Up 0.4 %

Anhui Conch Cement stock opened at $12.46 on Wednesday. The stock has a market cap of $13.21 billion, a P/E ratio of 7.51 and a beta of 0.28. Anhui Conch Cement has a fifty-two week low of $9.82 and a fifty-two week high of $17.19. The firm’s fifty day moving average price is $13.19 and its 200-day moving average price is $12.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.03 and a current ratio of 3.40.

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.