Anhui Conch Cement (OTCMKTS:AHCHY) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $12.99 and traded as high as $13.63. Anhui Conch Cement shares last traded at $13.60, with a volume of 14,204 shares changing hands.

Analyst Ratings Changes

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

Anhui Conch Cement Stock Up 3.5 %

The company’s 50-day simple moving average is $13.02 and its two-hundred day simple moving average is $12.95. The firm has a market capitalization of $14.41 billion, a P/E ratio of 14.16 and a beta of 0.28. 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.