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Allegheny Technologies Inc (ATI): Today's Featured Industrial Goods Winner

Stock quotes in this article: ATI

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Allegheny Technologies ( ATI) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day down 0.2%. By the end of trading, Allegheny Technologies rose $1.07 (3.8%) to $28.99 on average volume. Throughout the day, 1,351,085 shares of Allegheny Technologies exchanged hands as compared to its average daily volume of 1,672,700 shares. The stock ranged in a price between $27.94-$29.31 after having opened the day at $27.94 as compared to the previous trading day's close of $27.92. Other companies within the Industrial Goods sector that increased today were: Middleby Corporation ( MIDD), up 13.1%, Research Frontiers ( REFR), up 12.1%, Real Goods Solar ( RSOL), up 10.1% and Olympic Steel ( ZEUS), up 9.3%.

Allegheny Technologies Incorporated engages in the production and sale of specialty metals worldwide. It operates in three segments: High Performance Metals, Flat-Rolled Products, and Engineered Products. Allegheny Technologies has a market cap of $2.9 billion and is part of the industrial industry. Shares are down 11.2% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Allegheny Technologies a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Allegheny Technologies as a hold. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.

On the negative front, IntriCon Corporation ( IIN), down 18.8%, Capstone Turbine Corporation ( CPST), down 14.7%, Vertex Energy ( VTNR), down 8.5% and Coleman Cable ( CCIX), down 7.6% , were all laggards within the industrial goods sector with Chart Industries ( GTLS) being today's industrial goods sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

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