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.
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