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.
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 1.2%. By the end of trading, Allegheny Technologies fell $0.68 (-2.0%) to $33.10 on average volume. Throughout the day, 1,341,659 shares of Allegheny Technologies exchanged hands as compared to its average daily volume of 1,289,700 shares. The stock ranged in price between $33.04-$33.93 after having opened the day at $33.78 as compared to the previous trading day's close of $33.78. Other companies within the Industrial Goods sector that declined today were:
), down 10.5%,
), down 8.8%,
), down 7.1% and
), down 5.9%.
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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 $3.6 billion and is part of the industrial industry. The company has a P/E ratio of 411.5, above the S&P 500 P/E ratio of 17.7. Shares are up 11.3% 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 3 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
- You can view the full Allegheny Technologies Ratings Report.
On the positive front,
), up 20.0%,
), up 14.5%,
), up 12.6% and
), up 12.1% , 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.