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Dow Today: Alcoa (AA) Lower

The Dow Jones Industrial Average ( ^DJI) is trading up 82 points (+0.7%) at 12,616 as of Wednesday, Jun 27, 2012, 10:35 a.m. ET. During this time, 131.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 706.5 million. The NYSE advances/declines ratio sits at 2,180 issues advancing vs. 699 declining with 114 unchanged.

Holding back the Dow today is Alcoa (NYSE: AA), which is lagging the broader Dow index with an eight-cent decline (-0.9%) bringing the stock to $8.31. Volume for Alcoa currently sits at 8.7 million shares traded vs. an average daily trading volume of 23.2 million shares.

Alcoa has a market cap of $8.95 billion and is part of the basic materials sector and metals & mining industry. Shares are down 3% year to date as of Tuesday's close. The stock's dividend yield sits at 1.4%.

Alcoa, Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. The company has a P/E ratio of 22.7, below the average metals & mining industry P/E ratio of 23.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Alcoa as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

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