Anhui Conch Cement (OTCMKTS:AHCHY) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.03 and traded as high as $14.08. Anhui Conch Cement shares last traded at $13.68, with a volume of 18,601 shares traded.

Wall Street Analyst Weigh In

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

Anhui Conch Cement Trading Up 0.4 %

The company has a market cap of $14.21 billion, a price-to-earnings ratio of 13.97 and a beta of 0.28. The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08. The stock has a 50-day simple moving average of $13.03 and a 200 day simple moving average of $12.77.

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.