Aluminum Co. of China (NYSE:ACH) Share Price Passes Above 200 Day Moving Average of $0.00

Aluminum Co. of China Limited (NYSE:ACH)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $13.76. Aluminum Co. of China shares last traded at $13.70, with a volume of 77,729 shares traded.

A number of equities research analysts have recently issued reports on ACH shares. JPMorgan Chase & Co. upgraded Aluminum Co. of China from a “neutral” rating to an “overweight” rating and set a $4.50 price objective for the company in a report on Thursday, April 8th. Zacks Investment Research cut Aluminum Co. of China from a “buy” rating to a “hold” rating in a report on Friday, April 30th. Finally, The Goldman Sachs Group upgraded Aluminum Co. of China from a “sell” rating to a “buy” rating in a report on Monday, March 8th.

The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 0.57. The stock has a market cap of $9.33 billion, a P/E ratio of 124.55 and a beta of 1.93. The company has a fifty day moving average of $13.44.

Aluminum Co. of China (NYSE:ACH) last issued its quarterly earnings results on Tuesday, April 27th. The basic materials company reported $0.28 earnings per share (EPS) for the quarter. The company had revenue of $8.12 billion during the quarter. On average, equities analysts predict that Aluminum Co. of China Limited will post 0.68 earnings per share for the current year.

Several hedge funds have recently modified their holdings of ACH. BlackRock Inc. boosted its stake in shares of Aluminum Co. of China by 180.1% in the first quarter. BlackRock Inc. now owns 278,228 shares of the basic materials company’s stock valued at $2,910,000 after buying an additional 178,888 shares during the period. OLD Mission Capital LLC boosted its stake in shares of Aluminum Co. of China by 415.3% in the third quarter. OLD Mission Capital LLC now owns 168,947 shares of the basic materials company’s stock valued at $879,000 after buying an additional 136,158 shares during the period. Northern Trust Corp boosted its stake in shares of Aluminum Co. of China by 19.2% in the fourth quarter. Northern Trust Corp now owns 662,660 shares of the basic materials company’s stock valued at $5,751,000 after buying an additional 106,643 shares during the period. Jane Street Group LLC boosted its stake in shares of Aluminum Co. of China by 123.3% in the fourth quarter. Jane Street Group LLC now owns 102,810 shares of the basic materials company’s stock valued at $892,000 after buying an additional 56,759 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Aluminum Co. of China by 6.2% in the first quarter. Renaissance Technologies LLC now owns 522,800 shares of the basic materials company’s stock valued at $5,468,000 after buying an additional 30,400 shares during the period. Institutional investors and hedge funds own 0.40% of the company’s stock.

About Aluminum Co. of China (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 refined alumina.

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