Allegheny Technologies Inc ( ATI) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day down 2.4%. By the end of trading, Allegheny Technologies Inc fell $3.81 (-7.6%) to $46.40 on average volume. Throughout the day, 2.5 million shares of Allegheny Technologies Inc exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in price between $46.40-$48.80 after having opened the day at $48.44 as compared to the previous trading day's close of $50.21. Other company's within the Industrial Goods sector that declined today were: China Infrastructure Investment Corporation ( CIIC), down 10.8%, Mueller Water Products Inc ( MWA), down 10.7%, Omega Flex Inc ( OFLX), down 10.7%, and Skullcandy Inc ( SKUL), down 9.8%. 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 $4.6 billion and is part of the industrial industry. The company has a P/E ratio of 22.1, below the average industrial industry P/E ratio of 33.6 and above the S&P 500 P/E ratio of 17.7. Shares are down 15% year to date as of the close of trading on Friday. 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, compelling growth in net income and robust revenue growth. 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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