China Resources Cement (OTCMKTS:CARCY) Hits New 1-Year Low at $8.91

China Resources Cement Holdings Limited (OTCMKTS:CARCY) shares hit a new 52-week low on Wednesday . The company traded as low as $8.91 and last traded at $8.91, with a volume of 112 shares changing hands. The stock had previously closed at $8.90.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of China Resources Cement from an “underperform” rating to a “hold” rating in a report on Wednesday, June 7th.

China Resources Cement Price Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.64 and a current ratio of 0.86. The company has a market capitalization of $2.11 billion, a PE ratio of 20.11 and a beta of 0.10. The company’s 50-day simple moving average is $11.00 and its 200-day simple moving average is $13.29.

China Resources Cement (OTCMKTS:CARCY) last issued its quarterly earnings data on Friday, August 18th. The company reported $0.40 earnings per share (EPS) for the quarter. China Resources Cement had a net margin of 2.85% and a return on equity of 1.64%. The company had revenue of $981.78 million for the quarter. As a group, sell-side analysts anticipate that China Resources Cement Holdings Limited will post 1.57 earnings per share for the current year.

China Resources Cement Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, November 13th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.1364 per share. This is an increase from China Resources Cement’s previous dividend of $0.03. The ex-dividend date of this dividend is Wednesday, September 13th. China Resources Cement’s dividend payout ratio (DPR) is presently 60.00%.

China Resources Cement Company Profile

China Resources Cement Holdings Limited, an investment holding company, engages in manufacture and sale of cement, concrete, and related products and services in Mainland China and Hong Kong. It operates through Cement and Concrete segments. The company engages in the excavation of limestone; and production, sale, and distribution of cement, clinker, and concrete.