It is trading at $13.43 which is slightly above the 50 day moving average which is $11.86 and a tad higher than the 200 day moving average of $12.08. The 50 day moving average moved up $1.57 and the 200 day average went up by +11.20%. 29K shares changed hands by the end of trading on Thursday. Trading volume was up 4.42% over the stocks average daily volume.
These firms have also modified their investment in ACH. As of the end of the quarter Morgan Stanley had acquired 840 shares growing its holdings by 378.4%. The value of the total investment in Aluminum Corporation of China L went from $2,000 to $13,000 increasing 550.0% quarter to quarter. As of quarter end Credit Suisse AG/ had bought a total of 19,509 shares growing its position 36.7%. The value of the investment in ACH increased from $542,000 to $881,000 a change of 62.5% quarter over quarter.
As of quarter end Jane Street Group, LLC had bought a total of 32,604 shares growing its holdings by 172.5%. The value in dollars went from $148,000 to $625,000 a change of 322.3% since the last quarter. Susquehanna International Group, Llp augmented its position by buying 7,495 shares an increase of 32.0% in the quarter. Susquehanna International Group, Llp now holds 30,900 shares valued at $375,000. The value of the position overall is up by 56.9%.
On March 24 the company was rated “Neutral” by Goldman Sachs which was a boost from the previous “Sell” rating.
The company is so far trading up by 2.13% since yesterday’s close of $13.15. The P/E ratio is currently 76.74 and the market cap of the company is 8.75B.
Aluminum Corporation of China Limited (Chalco), launched on October 10, 2001, is an aluminum producer with operations in bauxite and coal mining, alumina refining and primary aluminum smelting. The Company also produces ancillary products and services derived from or related to its aluminum operations. The Company organizes and manages its operations in five segments: alumina segment, primary aluminum segment, trading segment, energy segment, and corporate and other operating segment. The Company is also engaged in trading of alumina, primary aluminum, aluminum fabrication products, other non-ferrous metal products, coal products and raw and ancillary materials in bulk domestically and internationally. In addition, the Company is also engaged in coal mining, power generation, research and development activities, and other products and services. The Business’s corporate and other operating segment includes corporate and other aluminum-related research, development and other activities..Advertisement