Zacks Investment Research Lowers IOCHPE MAXION S/S (OTCMKTS:IOCJY) to Sell

Zacks Investment Research cut shares of IOCHPE MAXION S/S (OTCMKTS:IOCJY) from a hold rating to a sell rating in a report issued on Saturday, 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 IOCHPE MAXION S/S from a sell rating to a hold rating in a research report on Monday, October 21st.

IOCJY opened at $1.95 on Friday. The stock has a 50-day moving average price of $1.71 and a 200-day moving average price of $1.70. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.27 and a quick ratio of 0.78. The firm has a market cap of $880.85 million, a PE ratio of 16.25 and a beta of 1.00. IOCHPE MAXION S/S has a 1 year low of $1.24 and a 1 year high of $2.16.

About IOCHPE MAXION S/S

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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