China Resources Cement (OTCMKTS:CARCY) Hits New 12-Month Low – Should You Sell?
by Jessica Moore · The Cerbat GemChina Resources Cement Holdings Ltd. Unsponsored ADR (OTCMKTS:CARCY – Get Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $3.6750 and last traded at $3.6750, with a volume of 100 shares trading hands. The stock had previously closed at $4.5056.
China Resources Cement Price Performance
The company has a quick ratio of 0.44, a current ratio of 0.61 and a debt-to-equity ratio of 0.23. The stock has a 50-day simple moving average of $4.19 and a two-hundred day simple moving average of $5.17. The firm has a market cap of $855.39 million, a PE ratio of -20.42 and a beta of -0.04.
China Resources Cement (OTCMKTS:CARCY – Get Free Report) last posted its quarterly earnings data on Friday, August 21st. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $656.39 million during the quarter. China Resources Cement had a negative return on equity of 0.62% and a negative net margin of 1.44%.
China Resources Cement Company Profile
China Resources Cement Holdings Limited (OTCMKTS:CARCY) is a cement and building-materials producer operating primarily in mainland China. The company manufactures and sells cement, commercial concrete, clinker and aggregates, which are used in residential, commercial and infrastructure construction.
China Resources Cement is part of China Resources Group, a diversified state-owned enterprise. Its operations have historically been concentrated in southern and southwestern China, including markets such as Guangdong, Guangxi, Yunnan and Fujian, with production and distribution facilities serving regional construction demand.
The company was established in the early 2000s and has expanded through the development and integration of cement, clinker and concrete production assets.