Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) Downgraded by Zacks Investment Research to Sell

Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday, Zacks.com reports.

According to Zacks, “Aluminum Corp of China Ltd’s principal activity is the production and distribution of alumina and primary aluminum. Other activities include the manufacturing of mechanical equipment and distribution of ceramic products and provision of repair and maintenance services for electrical plant and machinery. “

Separately, CLSA raised Aluminum Corp. of China Limited ADR Class H from an “underperform” rating to an “outperform” rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $9.86.

Shares of NYSE:ACH traded up $0.04 during trading on Friday, hitting $7.73. The stock had a trading volume of 585 shares, compared to its average volume of 24,428. Aluminum Corp. of China Limited ADR Class H has a 12-month low of $6.96 and a 12-month high of $11.11. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 779.00 and a beta of 0.93. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 0.86. The stock has a 50-day simple moving average of $7.87 and a two-hundred day simple moving average of $8.25.

Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) last posted its earnings results on Tuesday, August 27th. The basic materials company reported $0.04 EPS for the quarter. The firm had revenue of $7.45 billion for the quarter. Aluminum Corp. of China Limited ADR Class H had a negative return on equity of 0.03% and a net margin of 0.10%. As a group, sell-side analysts forecast that Aluminum Corp. of China Limited ADR Class H will post 0.24 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC grew its holdings in Aluminum Corp. of China Limited ADR Class H by 139.7% in the third quarter. Signaturefd LLC now owns 3,420 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 1,993 shares during the period. Corient Capital Partners LLC acquired a new stake in Aluminum Corp. of China Limited ADR Class H in the third quarter valued at approximately $81,000. Envestnet Asset Management Inc. grew its holdings in Aluminum Corp. of China Limited ADR Class H by 9.1% in the second quarter. Envestnet Asset Management Inc. now owns 24,591 shares of the basic materials company’s stock valued at $216,000 after purchasing an additional 2,061 shares during the period. Jane Street Group LLC grew its holdings in Aluminum Corp. of China Limited ADR Class H by 75.9% in the second quarter. Jane Street Group LLC now owns 27,599 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 11,905 shares during the period. Finally, Aperio Group LLC grew its holdings in Aluminum Corp. of China Limited ADR Class H by 78.4% in the second quarter. Aperio Group LLC now owns 65,824 shares of the basic materials company’s stock valued at $579,000 after purchasing an additional 28,923 shares during the period. 0.29% of the stock is currently owned by institutional investors.

About Aluminum Corp. of China Limited ADR Class H

Aluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum, and energy products in the People's Republic of China. The company operates through Alumina, Primary Aluminum, Trading, and Energy segments. The Alumina segment mines for and purchases bauxite and other raw materials; and produces and sells alumina, as well as alumina-related products, such as alumina hydrate, alumina-based chemical products, and gallium.

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