Anhui Conch Cement (OTCMKTS:AHCHY) Raised to “Hold” at The Goldman Sachs Group

Anhui Conch Cement (OTCMKTS:AHCHY) was upgraded by stock analysts at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Anhui Conch Cement Stock Performance

Anhui Conch Cement stock opened at $12.46 on Wednesday. Anhui Conch Cement has a 1-year low of $9.82 and a 1-year high of $17.19. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.40 and a quick ratio of 3.03. The stock has a market cap of $13.21 billion, a price-to-earnings ratio of 7.51 and a beta of 0.28. The firm has a 50 day simple moving average of $13.19 and a 200-day simple moving average of $12.71.

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.