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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Allegheny Technologies (NYSE: ATI) hit a new 52-week low Thursday as it is currently trading at $26.76, below its previous 52-week low of $27.61 with 1.2 million shares traded as of 10:05 a.m. ET. Average volume has been 1.4 million shares over the past 30 days. Allegheny has a market cap of $3.39 billion and is part of the industrial goods sector and industrial industry. Shares are down 33.9% year to date as of the close of trading on Wednesday. Allegheny Technologies Incorporated (ATI) 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 17.2, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.