Anhui Conch Cement (OTCMKTS:AHCHY) Stock Price Crosses Above Fifty Day Moving Average of $16.01

Shares of Anhui Conch Cement Company Limited (OTCMKTS:AHCHYGet Rating) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.01 and traded as high as $16.60. Anhui Conch Cement shares last traded at $16.50, with a volume of 21,100 shares trading hands.

Wall Street Analyst Weigh In

AHCHY has been the topic of several research analyst reports. HSBC raised Anhui Conch Cement from a “hold” rating to a “buy” rating in a report on Tuesday, November 15th. The Goldman Sachs Group cut Anhui Conch Cement from a “neutral” rating to a “sell” rating in a report on Sunday, August 28th.

Anhui Conch Cement Stock Performance

The firm has a fifty day moving average price of $16.01 and a two-hundred day moving average price of $19.48.

About Anhui Conch Cement

(Get Rating)

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products. The company conducts its operations through five segments, which include 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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