Dow Today: Alcoa (AA) Lower
The
Dow Jones Industrial Average
(
^DJI
) is trading down 30 points (-0.2%) at 12,844 as of Tuesday, Feb 14, 2012, 12:40 p.m. ET. During this time, 381.6 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 845 issues advancing vs. 2,050 declining with 116 unchanged.
Holding back the Dow today is
(NYSE:
), which is lagging the broader Dow index with a 14-cent decline (-1.4%) bringing the stock to $10.18. This single loss is lowering the Dow Jones Industrial Average by 1.06 points or roughly accounting for 3.5% of the Dow's overall loss. Volume for Alcoa currently sits at 12.9 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 19.4% year to date as of Monday'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 14.3, below the average metals & mining industry P/E ratio of 18.7 and below 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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