Dow Today: Alcoa (AA) Higher
The
Dow Jones Industrial Average
(
^DJI
) is trading up 35 points (+0.3%) at 12,984 as of Tuesday, Feb 21, 2012, 1:35 p.m. ET. During this time, 432 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,711 issues advancing vs. 1,259 declining with 108 unchanged.
The Dow component leading the way higher looks to be
(NYSE:
), which is sporting a 35-cent gain (+3.5%) bringing the stock to $10.50. This single gain is lifting the Dow Jones Industrial Average by 2.65 points or roughly accounting for 7.6% of the Dow's overall gain. Volume for Alcoa currently sits at 16.8 million shares traded vs. an average daily trading volume of 30.2 million shares.
Alcoa has a market cap of $10.93 billion and is part of the
sector and
industry. Shares are up 17.3% year to date as of Friday's close. The stock's dividend yield sits at 1.2%.
Alcoa, Inc. engages in the production and management of 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 18.5, below the average metals & mining industry P/E ratio of 18.7 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Alcoa as a
. The company's strengths can be seen in multiple areas, such as its revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins.
- You can view the full Alcoa Ratings Report.
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