Aluminum Co. of China (NYSE:ACH) Shares Down 4.8%

Aluminum Co. of China Limited (NYSE:ACHGet Rating) shares dropped 4.8% on Thursday . The company traded as low as $13.17 and last traded at $13.17. Approximately 183 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 141,572 shares. The stock had previously closed at $13.83.

ACH has been the topic of a number of research reports. StockNews.com upgraded Aluminum Co. of China from a “buy” rating to a “strong-buy” rating in a report on Wednesday. HSBC upgraded Aluminum Co. of China from a “reduce” rating to a “hold” rating in a report on Wednesday, March 23rd. Finally, The Goldman Sachs Group downgraded Aluminum Co. of China from a “buy” rating to a “sell” rating in a report on Thursday, January 13th.

The stock has a market cap of $8.77 billion, a P/E ratio of 11.82 and a beta of 1.59. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.88. The business has a 50-day simple moving average of $15.52 and a 200-day simple moving average of $14.83.

A number of institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its position in shares of Aluminum Co. of China by 772.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 314,126 shares of the basic materials company’s stock valued at $5,871,000 after acquiring an additional 278,111 shares during the period. Millennium Management LLC boosted its position in shares of Aluminum Co. of China by 600.2% in the fourth quarter. Millennium Management LLC now owns 176,689 shares of the basic materials company’s stock valued at $2,426,000 after acquiring an additional 151,454 shares during the period. OLD Mission Capital LLC boosted its position 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 acquiring an additional 136,158 shares during the period. Marshall Wace LLP boosted its position in shares of Aluminum Co. of China by 407.3% in the third quarter. Marshall Wace LLP now owns 147,136 shares of the basic materials company’s stock valued at $2,750,000 after acquiring an additional 118,134 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Aluminum Co. of China by 11.6% in the third quarter. Renaissance Technologies LLC now owns 494,700 shares of the basic materials company’s stock valued at $9,246,000 after acquiring an additional 51,600 shares during the period.

About Aluminum Co. of China (NYSE:ACH)

Aluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum, aluminum alloys, and carbon products in the People's Republic of China and internationally. The company operates through five segments: Alumina, Primary Aluminum, Trading, Energy, and Corporate and Other Operating.

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