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 industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Allegheny Technologies fell $0.61 (-1.8%) to $32.94 on average volume. Throughout the day, 1,047,424 shares of Allegheny Technologies exchanged hands as compared to its average daily volume of 1,357,200 shares. The stock ranged in price between $32.80-$33.49 after having opened the day at $33.38 as compared to the previous trading day's close of $33.55. Other companies within the Industrial industry that declined today were:
), down 4.9%,
), down 4.2%,
), down 3.8% and
), down 2.9%.
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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 $3.7 billion and is part of the industrial goods sector. The company has a P/E ratio of 424.1, above the S&P 500 P/E ratio of 17.7. Shares are up 11.8% year to date as of the close of trading on Monday. 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 9.8%,
), up 9.1%,
), up 6.7% and
), up 6.3% , were all gainers within the industrial industry with
) being today's featured industrial industry leader.
- Use our industrial section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider
) while those bearish on the industrial industry could consider
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