Dow Today: Alcoa (AA) Lower

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.

The Dow Jones Industrial Average ( ^DJI) is trading down 16.0 points (-0.1%) at 13,077 as of Monday, Nov 5, 2012, 1:35 p.m. ET. During this time, 268.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 571.9 million. The NYSE advances/declines ratio sits at 1,405 issues advancing vs. 1,547 declining with 113 unchanged.
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Holding back the Dow today is Alcoa (NYSE: AA), which is lagging the broader Dow index with a two-cent decline (-0.2%) bringing the stock to $8.63. This single loss is lowering the Dow Jones Industrial Average by 0.15 points or roughly accounting for 0.9% of the Dow's overall loss. Volume for Alcoa currently sits at 9.2 million shares traded vs. an average daily trading volume of 17.5 million shares.

Alcoa has a market cap of $9.34 billion and is part of the basic materials sector and metals & mining industry. Shares are up 1.2% year to date as of Friday's close. The stock's dividend yield sits at 1.4%.

Alcoa Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. The company has a P/E ratio of -41.7, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Alcoa as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

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