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

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) shares crossed 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 trading hands.

Analysts Set New Price Targets

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

Anhui Conch Cement Stock Up 0.9 %

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 stock has a market cap of $14.47 billion, a P/E ratio of 14.22 and a beta of 0.28. The company’s 50 day moving average price is $13.04 and its two-hundred day moving average price 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.