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

Allegheny Technologies ( ATI) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.1%. By the end of trading, Allegheny Technologies fell $0.64 (-2.3%) to $27.35 on light volume. Throughout the day, 1,121,307 shares of Allegheny Technologies exchanged hands as compared to its average daily volume of 1,836,800 shares. The stock ranged in price between $27.21-$27.90 after having opened the day at $27.77 as compared to the previous trading day's close of $27.99. Other companies within the Industrial Goods sector that declined today were: Gafisa ( GFA), down 6.7%, Edwards Group ( EVAC), down 4.8%, Boeing ( BA), down 4.7% and CVD Equipment Corporation ( CVV), down 4.5%.

Allegheny Technologies Incorporated engages in the production and sale 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 $2.9 billion and is part of the industrial industry. Shares are down 11.4% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Allegheny Technologies a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Allegheny Technologies as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.

On the positive front, China Recycling Energy Corporation ( CREG), up 10.2%, China Advanced Construction Materials Group ( CADC), up 5.0%, Innovative Solutions and Support ( ISSC), up 4.8% and Real Goods Solar ( RSOL), up 4.6% , were all gainers within the industrial goods sector with Hovnanian ( HOV) being today's featured industrial goods sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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