Anhui Conch Cement (OTCMKTS:AHCHY) Stock Passes Above 50 Day Moving Average – Should You Sell?

Shares of Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 changing hands.

Wall Street Analysts Forecast Growth

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

Anhui Conch Cement Trading Up 1.3 %

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 firm’s 50 day moving average is $13.55 and its two-hundred day moving average is $13.27. The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 15.72 and a beta of 0.39.

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.