Zacks Investment Research lowered shares of Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) from a hold rating to a sell rating in a report released on Thursday 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 $7.81 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 0.83. Aluminum Corp. of China Limited ADR Class H has a 52 week low of $6.96 and a 52 week high of $11.11. The firm has a 50-day moving average price of $7.97 and a 200 day moving average price of $8.60. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 198.75 and a beta of 0.96.

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 EPS for the quarter. Aluminum Corp. of China Limited ADR Class H had a net margin of 0.38% and a return on equity of 0.51%. The firm had revenue of $7.45 billion during the quarter. Equities research analysts expect that Aluminum Corp. of China Limited ADR Class H will post 0.3 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in ACH. Signaturefd LLC lifted its stake in shares of 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. Envestnet Asset Management Inc. lifted its stake in shares of 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 lifted its stake in shares of 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. Aperio Group LLC lifted its stake in shares of 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. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Aluminum Corp. of China Limited ADR Class H by 38.8% in the second quarter. Parametric Portfolio Associates LLC now owns 242,811 shares of the basic materials company’s stock valued at $2,137,000 after purchasing an additional 67,825 shares during the period. Hedge funds and other institutional investors own 0.29% of the company’s stock.

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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