Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) Hits New 1-Year Low at $7.32

Aluminum Corp. of China Limited ADR Class H (NYSE:ACH)’s share price reached a new 52-week low on Monday . The stock traded as low as $7.32 and last traded at $7.37, with a volume of 17686 shares changing hands. The stock had previously closed at $7.63.

Several research firms have weighed in on ACH. ValuEngine raised Aluminum Corp. of China Limited ADR Class H from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Credit Suisse Group lowered Aluminum Corp. of China Limited ADR Class H from a “neutral” rating to an “underperform” rating and set a $9.86 price objective on the stock. in a research note on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Aluminum Corp. of China Limited ADR Class H currently has a consensus rating of “Hold” and a consensus price target of $9.86.

The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 729.00 and a beta of 0.89. The company’s 50 day simple moving average is $8.52.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its holdings in shares of Aluminum Corp. of China Limited ADR Class H by 52.6% in the 1st quarter. Quadrant Capital Group LLC now owns 10,110 shares of the basic materials company’s stock worth $93,000 after purchasing an additional 3,485 shares during the period. Millennium Management LLC purchased a new position in shares of Aluminum Corp. of China Limited ADR Class H in the 4th quarter worth about $199,000. Envestnet Asset Management Inc. raised its holdings 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 worth $216,000 after purchasing an additional 2,061 shares during the period. Bank of Montreal Can purchased a new position in shares of Aluminum Corp. of China Limited ADR Class H in the 1st quarter worth about $371,000. Finally, Aperio Group LLC raised its holdings 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 worth $579,000 after purchasing an additional 28,923 shares during the period. 0.33% of the stock is currently owned by institutional investors and hedge funds.

Aluminum Corp. of China Limited ADR Class H Company Profile (NYSE:ACH)

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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