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

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

Anhui Conch Cement Price Performance

AHCHY opened at $12.46 on Wednesday. The company has a fifty day simple moving average of $13.19 and a 200 day simple moving average of $12.71. 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 $13.21 billion, a P/E ratio of 7.51 and a beta of 0.28. Anhui Conch Cement has a 12 month low of $9.82 and a 12 month high of $17.19.

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.