Allegheny Stock Hits New 52-Week Low (ATI)

NEW YORK ( TheStreet) -- Allegheny Technologies (NYSE: ATI) hit a new 52-week low Monday as it is currently trading at $27.82, below its previous 52-week low of $28.08 with 101,379 shares traded as of 9:40 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Allegheny has a market cap of $3.11 billion and is part of the industrial goods sector and industrial industry. Shares are down 39.3% year to date as of the close of trading on Friday.

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. The company has a P/E ratio of 15, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Allegheny as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Allegheny Ratings Report.

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