Allegheny Technologies Inc (ATI): Today's Featured Industrial Goods Laggard
(
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.1%. By the end of trading, Allegheny Technologies fell $0.64 (-2.3%) to $27.35 on light volume. Throughout the day, 1,121,307 shares of Allegheny Technologies exchanged hands as compared to its average daily volume of 1,836,800 shares. The stock ranged in price between $27.21-$27.90 after having opened the day at $27.77 as compared to the previous trading day's close of $27.99. Other companies within the Industrial Goods sector that declined today were:
(
), down 6.7%,
(
), down 4.8%,
(
), down 4.7% and
(
), down 4.5%.
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 11.4% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Allegheny Technologies a buy, 1 analyst rates it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Allegheny Technologies
as a
. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. 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.
- You can view the full Allegheny Technologies Ratings Report.
On the positive front,
China Recycling Energy Corporation
(
), up 10.2%,
China Advanced Construction Materials Group
(
), up 5.0%,
Innovative Solutions and Support
(
), up 4.8% and
(
), up 4.6% , were all gainers within the industrial goods sector with
(
) being today's featured industrial goods sector leader.
- Use our industrial goods section to find sector-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 industrial goods sector could consider
(
) while those bearish on the industrial goods sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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