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

The Goldman Sachs Group upgraded shares of Anhui Conch Cement (OTCMKTS:AHCHY) from a strong sell rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

Anhui Conch Cement Price Performance

Shares of AHCHY opened at $12.46 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.03 and a current ratio of 3.40. Anhui Conch Cement has a 52-week low of $9.82 and a 52-week high of $17.19. The business’s 50 day moving average price is $13.19 and its two-hundred day moving average price is $12.71. The firm has a market cap of $13.21 billion, a PE ratio of 7.51 and a beta of 0.28.

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.