The industrial goods sector closed the day down 2.3%. Pure Cycle Corporation ( PCYO), Mueller Industries Inc ( MLI), ADA-ES Inc ( ADES), and Flow International Corporation ( FLOW) were all decliners today within the industrial goods sector with Allegheny Technologies Inc ( ATI) being today's featured industrial goods loser. Allegheny Technologies Inc fell $2.65 (-6.2%) to $40.26 on average volume. Throughout the day, 2.7 million shares of Allegheny Technologies Inc exchanged hands as compared to its average daily volume of 2.7 million shares. Allegheny Technologies Incorporated engages in the production and sale of specialty metals worldwide. It operates through three segments: High Performance Metals, Flat-Rolled Products, and Engineered Products. Allegheny Technologies Inc has a market cap of $4.3 billion and is part of the industrial industry. The company has a P/E ratio of 31, below the average industrial industry P/E ratio of 31.2 and above the S&P 500 P/E ratio of 17.7. Shares are down 22.2% year to date as of the close of trading on Monday. TheStreet Ratings rates Allegheny as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins.
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