Alliant Techsystems Stock Hits New 52-Week Low (ATK)

NEW YORK ( TheStreet) -- Alliant Techsystems (NYSE: ATK) hit a new 52-week low Thursday as it is currently trading at $49.75, below its previous 52-week low of $49.78 with 54,368 shares traded as of 11:45 a.m. ET. Average volume has been 218,000 shares over the past 30 days.

Alliant Techsystems has a market cap of $2.02 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 11.8% year to date as of the close of trading on Wednesday.

Alliant Techsystems Inc. engages in the supply of aerospace and defense products to the U.S. government, allied nations, and prime contractors. The company also supplies ammunition and related accessories to law enforcement agencies and commercial customers. The company has a P/E ratio of 6.3, below the average aerospace/defense industry P/E ratio of seven and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Alliant Techsystems as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Alliant Techsystems Ratings Report.

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