Alcoa Corp (NYSE:AA)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $16.65, but opened at $17.50. Alcoa shares last traded at $16.98, with a volume of 82,260 shares.

Several analysts have issued reports on the company. Morgan Stanley dropped their price target on Alcoa from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. Gabelli upgraded shares of Alcoa from a “hold” rating to a “buy” rating in a research report on Monday, April 22nd. ValuEngine upgraded shares of Alcoa from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Macquarie lowered shares of Alcoa from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $34.00 to $25.00 in a research report on Tuesday, July 9th. Finally, Zacks Investment Research lowered shares of Alcoa from a “hold” rating to a “sell” rating in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.69.

The company has a quick ratio of 0.81, a current ratio of 1.51 and a debt-to-equity ratio of 0.26. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 4.73 and a beta of 1.34. The business has a 50 day moving average of $21.94 and a 200 day moving average of $25.27.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, July 17th. The industrial products company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.33. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.77 billion. Alcoa had a positive return on equity of 2.78% and a negative net margin of 4.92%. The business’s revenue for the quarter was down 24.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 earnings per share. Research analysts predict that Alcoa Corp will post -0.23 earnings per share for the current year.

A number of large investors have recently modified their holdings of AA. Steward Partners Investment Advisory LLC acquired a new stake in shares of Alcoa during the second quarter worth $25,000. Parallel Advisors LLC lifted its stake in shares of Alcoa by 143.3% in the 1st quarter. Parallel Advisors LLC now owns 1,000 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 589 shares during the last quarter. TRUE Private Wealth Advisors bought a new position in shares of Alcoa in the 2nd quarter valued at $30,000. Farmers National Bank bought a new position in shares of Alcoa in the 1st quarter valued at $32,000. Finally, Quantamental Technologies LLC bought a new position in shares of Alcoa in the 2nd quarter valued at $74,000.

About Alcoa (NYSE:AA)

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through Bauxite, Alumina, and Aluminum segments. It engages in bauxite mining operations; and processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.

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