IOCHPE MAXION S/S (OTCMKTS:IOCJY) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of IOCHPE MAXION S/S (OTCMKTS:IOCJY) from a buy rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “IOCHPE-MAXION is the leading Brazilian manufacturer of wheels and frames for commercial vehicles and railway freight cars and castings. The Company generates more than 6,500 jobs distributed in six industrial plants in the states of São Paulo, Minas Gerais and Rio de Janeiro. “

Separately, ValuEngine raised shares of IOCHPE MAXION S/S from a sell rating to a hold rating in a report on Monday, October 21st.

Shares of IOCJY stock traded down $0.24 during trading hours on Wednesday, hitting $1.24. The company’s stock had a trading volume of 229 shares, compared to its average volume of 2,510. The company has a 50 day moving average of $1.62 and a 200 day moving average of $1.69. The stock has a market cap of $813.10 million, a PE ratio of 10.33 and a beta of 0.97. The company has a current ratio of 1.27, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68. IOCHPE MAXION S/S has a 12-month low of $1.24 and a 12-month high of $2.16.

IOCHPE MAXION S/S Company Profile

Iochpe-Maxion SA produces and sells automotive wheels and structural components for light and commercial vehicles in North America, South America, Europe, and internationally. It operates through two segments, Wheels and Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-up trucks, and SUVs, as well as light and medium-sized commercial vehicles; and light aluminum wheels for vehicles.

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