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China Advanced Constructn Mtrls Grp announced its quarterly earnings results on Tuesday. The company reported ($0.50) earnings per share for the quarter, Analyst Ratings Net reports. During the same period in the prior year, the company earned $0.05 earnings per share. The business earned $13.50 million during the quarter, compared to the consensus estimate of $21.20 million.
Shares of China Advanced Constructn Mtrls Grp opened at 2.72 on Tuesday. The firm has a 50 day moving average price of $2.84 and a 200-day moving average price of $3.47. China Advanced Constructn Mtrls Grp has a 12 month low of $2.52 and a 12 month high of $6.30. The firm’s market cap is $5.93 million.
China Advanced Construction Materials Group, Inc. is a holding company. The Company’s business operations are conducted through its wholly-owned subsidiaries BVI-ACM and China-ACMH, and its variable interest entity Xin Ao. The Company engages in the production of construction materials for infrastructure, commercial and residential developments. The Company is primarily focused on engineering, producing, servicing, delivering and pumping a range of ready-mix concrete materials for construction projects. The Company’s concrete sales business segment is comprised of the formulation, production and delivery of the Company’s line of C10-C100 concrete mixtures primarily through fixed plant network of three ready mix concrete batching plants in Beijing. The ready-mixed concrete sales business engages principally in the formulation, preparation and delivery of ready-mixed concrete to the worksites of the Company’s customers.

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