IOCHPE MAXION S/S (OTCMKTS:IOCJY) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of IOCHPE MAXION S/S (OTCMKTS:IOCJY) from a buy rating to a hold rating in a research report report published on Wednesday morning, Zacks.com reports.

According to Zacks, “IOCHPE-MAXION is the leading Brazilian manufacturer of wheels and frames for commercial vehicles and railway freight cars and castings. The Company generates more than 6,500 jobs distributed in six industrial plants in the states of São Paulo, Minas Gerais and Rio de Janeiro. “

Separately, ValuEngine raised IOCHPE MAXION S/S from a sell rating to a hold rating in a report on Monday, October 21st.

OTCMKTS IOCJY traded down $0.24 during trading on Wednesday, hitting $1.24. 229 shares of the company traded hands, compared to its average volume of 1,848. The company has a market capitalization of $560.13 million, a P/E ratio of 10.33 and a beta of 0.97. The company has a current ratio of 1.27, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68. IOCHPE MAXION S/S has a 12 month low of $1.24 and a 12 month high of $2.16. The business has a fifty day simple moving average of $1.61 and a 200 day simple moving average of $1.69.

About IOCHPE MAXION S/S

Iochpe-Maxion SA produces and sells automotive wheels and structural components for light and commercial vehicles in North America, South America, Europe, and internationally. It operates through two segments, Wheels and Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-up trucks, and SUVs, as well as light and medium-sized commercial vehicles; and light aluminum wheels for vehicles.

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