Anhui Conch Cement (OTCMKTS:AHCHY) Sees Unusually-High Trading Volume - Time to Buy?
Anhui Conch Cement (OTCMKTS:AHCHY) experienced a significant increase in trading volume, with shares rising 0.6% to $15.65. The stock's 50-day and 200-day moving averages are $15.23 and $14.43, respectively. The company reported $0.26 EPS and $2.80 billion in revenue for the last quarter. Despite a strong buy rating, analysts suggest other stocks may offer better investment opportunities.
Anhui Conch Cement Co. (OTCMKTS:AHCHY - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 52,661 shares changed hands during mid-day trading, an increase of 307% from the previous session's volume of 12,932 shares.The stock last traded at $15.65 and had previously closed at $15.7535.
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Anhui Conch Cement Stock Up 0.6%
- Anhui Conch: Opportunity With Cement Solid Cash Flows
The stock has a 50-day simple moving average of $15.23 and a 200-day simple moving average of $14.43. The company has a market cap of $16.69 billion, a price-to-earnings ratio of 12.91 and a beta of 0.20. The company has a current ratio of 3.23, a quick ratio of 2.93 and a debt-to-equity ratio of 0.10.
Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.26 EPS for the quarter. Anhui Conch Cement had a net margin of 10.74% and a return on equity of 4.65%. The business had revenue of $2.80 billion for the quarter.
Anhui Conch Cement Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.1173 per share. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a dividend yield of 77.0%. Anhui Conch Cement's dividend payout ratio (DPR) is 18.55%.
Anhui Conch Cement Company Profile
(Get Free Report)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.
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