Allegheny Technologies Inc (ATI): Today's Featured Industrial Goods Loser

Allegheny Technologies ( ATI) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day up 1.7%. By the end of trading, Allegheny Technologies fell 29 cents (-0.7%) to $42.30 on light volume. Throughout the day, 1.1 million shares of Allegheny Technologies exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in price between $42.04-$43.16 after having opened the day at $42.87 as compared to the previous trading day's close of $42.59. Other company's within the Industrial Goods sector that declined today were: Republic Services ( RSG), down 13.3%, NF Energy Saving ( NFEC), down 11.9%, Wuhan General Group ( WUHN), down 11.2%, and Aerosonic Corporation ( AIM), down 10.9%.

Allegheny Technologies Incorporated engages in the production of specialty metals worldwide. It operates in three segments: High Performance Metals, Flat-Rolled Products, and Engineered Products. Allegheny Technologies has a market cap of $4.58 billion and is part of the industrial industry. The company has a P/E ratio of 22.5, above the average industrial industry P/E ratio of 21.7 and above the S&P 500 P/E ratio of 17.7. Shares are down 10.9% year to date as of the close of trading on Thursday. Currently there are eight analysts that rate Allegheny Technologies a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Allegheny Technologies as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins.

On the positive front, American Mold Guard Incorporated ( AMGI), up 175%, A123 Systems ( AONE), up 16.7%, Patrick Industries ( PATK), up 13.6%, and Omega Flex ( OFLX), up 11.7%, were all gainers within the industrial goods sector with Illinois Tool Works ( ITW) being today's featured industrial goods sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).
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