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

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $13.18 and traded as high as $14.53. Anhui Conch Cement shares last traded at $14.53, with a volume of 15,337 shares trading 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 report on Wednesday, January 8th.

Anhui Conch Cement Stock Performance

The stock has a market capitalization of $15.40 billion, a price-to-earnings ratio of 15.14 and a beta of 0.39. The company’s fifty day simple moving average is $13.18 and its 200 day simple moving average is $13.08. The company has a quick ratio of 3.03, a current ratio of 3.40 and a debt-to-equity ratio of 0.08.

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.