Anhui Conch Cement (OTCMKTS:AHCHY) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.04 and traded as high as $13.66. Anhui Conch Cement shares last traded at $13.65, with a volume of 5,926 shares changing hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded 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 0.9 %

The firm has a market capitalization of $14.47 billion, a PE ratio of 14.22 and a beta of 0.28. 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 company’s 50-day simple moving average is $13.04 and its 200 day simple moving average is $12.85.

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.