Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) from a sell rating to a hold rating in a research report released on Wednesday morning, 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. “

Shares of NYSE:ACH opened at $8.11 on Wednesday. The stock has a market capitalization of $5.53 billion, a P/E ratio of 811.00 and a beta of 0.93. Aluminum Corp. of China Limited ADR Class H has a 1-year low of $6.96 and a 1-year high of $11.11. The company has a current ratio of 0.78, a quick ratio of 0.49 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $7.90 and a two-hundred day moving average price of $8.31.

Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) last announced its quarterly earnings data on Tuesday, August 27th. The basic materials company reported $0.04 earnings per share for the quarter. The firm had revenue of $7.45 billion during 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, equities analysts predict that Aluminum Corp. of China Limited ADR Class H will post 0.24 EPS for the current year.

Several hedge funds have recently made changes to their positions in ACH. Signaturefd LLC increased its stake in shares of Aluminum Corp. of China Limited ADR Class H by 139.7% in the 3rd quarter. Signaturefd LLC now owns 3,420 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 1,993 shares during the last quarter. Corient Capital Partners LLC bought a new stake in shares of Aluminum Corp. of China Limited ADR Class H in the 3rd quarter valued at about $81,000. Envestnet Asset Management Inc. increased its stake in shares of Aluminum Corp. of China Limited ADR Class H by 9.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 24,591 shares of the basic materials company’s stock valued at $216,000 after acquiring an additional 2,061 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Aluminum Corp. of China Limited ADR Class H by 75.9% in the 2nd quarter. Jane Street Group LLC now owns 27,599 shares of the basic materials company’s stock valued at $243,000 after acquiring an additional 11,905 shares during the last quarter. Finally, Aperio Group LLC increased its stake in shares of Aluminum Corp. of China Limited ADR Class H by 78.4% in the 2nd quarter. Aperio Group LLC now owns 65,824 shares of the basic materials company’s stock valued at $579,000 after acquiring an additional 28,923 shares during the last quarter. 0.29% of the stock is owned by institutional investors.

Aluminum Corp. of China Limited ADR Class H Company Profile

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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