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TheStreet Wire

Altair Nanotechnologies Inc. (ALTI): Today's Featured Chemicals Loser

By TheStreet Wire 10/24/11 - 05:09 PM EDT

Find out if (ALTI) is in Cramer's Portfolio.

The chemicals industry closed the day up 2.8%. Lightbridge (LTBR), BioFuel Energy Corporation (BIOF), Penford Corporation (PENX), and Pure Bioscience Inc (PURE) were all decliners today within the chemicals industry with Altair Nanotechnologies Inc (ALTI) being today's featured chemicals loser. Altair Nanotechnologies Inc fell 2 cents (-1.4%) to $1.40 on light volume. Throughout the day, 42,085 shares of Altair Nanotechnologies Inc exchanged hands as compared to its average daily volume of 345,600 shares.

Altair Nanotechnologies Inc. develops, manufactures, and sells nano-structured lithium titanate spinel, battery cells, battery packs, and multi-megawatt battery systems, as well as provides related design, installation, and test services in the United States and internationally. Altair Nanotechnologies Inc has a market cap of $42.6 million and is part of the basic materials sector. Shares are down 49.6% year to date as of the close of trading on Friday.

TheStreet Ratings rates Altair Nanotechnologies as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

You can view the full Altair Nanotechnologies Ratings Report.

On the positive front, Omnova Solutions Inc (OMN), Metabolix Inc (MBLX), Huntsman Corporation (HUN), and Ferro (FOE) were all gainers within the chemicals industry with Mosaic (MOS) being today's featured chemicals industry winner.

Use our chemicals section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider Materials Select Sector SPDR (XLB) while those bearish on the chemicals industry could consider ProShares Short Basic Materials Fd (SBM).

Find other investment ideas from our top rated ETFs lists.

For more information on Altair Nanotechnologies Inc. click any of the following:

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