Anhui Conch Cement (OTCMKTS:AHCHY) Shares Pass Above 50 Day Moving Average – What’s Next?

Shares of Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) passed 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 trading hands.

Analyst Upgrades and Downgrades

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 1.3 %

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