Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) Shares Up 6.1%

Shares of Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) shot up 6.1% on Wednesday . The company traded as high as $8.75 and last traded at $8.67, 222,100 shares changed hands during trading. An increase of 350% from the average session volume of 49,311 shares. The stock had previously closed at $8.17.

Separately, ValuEngine upgraded Aluminum Corp. of China Limited ADR Class H from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.86.

The company has a debt-to-equity ratio of 0.86, a current ratio of 0.78 and a quick ratio of 0.48. The firm has a market cap of $6.01 billion, a PE ratio of 892.00 and a beta of 0.96. The business has a fifty day moving average price of $7.58 and a two-hundred day moving average price of $8.93.

Several hedge funds have recently modified their holdings of the company. Aperio Group LLC boosted its position in Aluminum Corp. of China Limited ADR Class H by 78.4% during 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 last quarter. Bank of Montreal Can acquired a new stake in Aluminum Corp. of China Limited ADR Class H during the first quarter valued at $371,000. Jane Street Group LLC boosted its position in Aluminum Corp. of China Limited ADR Class H by 75.9% during 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 last quarter. Northern Trust Corp boosted its position in Aluminum Corp. of China Limited ADR Class H by 0.5% during the second quarter. Northern Trust Corp now owns 386,401 shares of the basic materials company’s stock valued at $3,400,000 after purchasing an additional 1,835 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Aluminum Corp. of China Limited ADR Class H by 38.8% during 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 last quarter. Institutional investors and hedge funds own 0.29% of the company’s stock.

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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