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

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $13.01 and traded as high as $13.50. Anhui Conch Cement shares last traded at $13.42, with a volume of 7,945 shares trading hands.

Wall Street Analyst Weigh In

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

Anhui Conch Cement Stock Up 0.1 %

The company has a market cap of $14.23 billion, a price-to-earnings ratio of 13.98 and a beta of 0.28. The firm has a 50-day moving average price of $13.01 and a 200 day moving average price of $12.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.40 and a quick ratio of 3.03.

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.