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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Allegheny Technologies ( ATI) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Allegheny Technologies fell $0.41 (-1.5%) to $27.57 on average volume. Throughout the day, 1,442,734 shares of Allegheny Technologies exchanged hands as compared to its average daily volume of 1,712,200 shares. The stock ranged in price between $27.51-$28.20 after having opened the day at $28.07 as compared to the previous trading day's close of $27.98. Other companies within the Industrial industry that declined today were: Regal-Beloit Corporation ( RBC), down 8.4%, GreenHunter Resources ( GRH), down 6.3%, Omega Flex ( OFLX), down 6.3% and Ballard Power Systems ( BLDP), down 5.8%.

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 $3.0 billion and is part of the industrial goods sector. Shares are down 7.8% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Allegheny Technologies a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Allegheny Technologies as a hold. Among the primary strengths of the company is its generally strong cash flow from operations. 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, Intellicheck Mobilisa ( IDN), up 76.5%, China Recycling Energy Corporation ( CREG), up 17.6%, Dixie Group ( DXYN), up 8.6% and Dynamic Materials Corporation ( BOOM), up 7.8% , were all gainers within the industrial industry with Cummins ( CMI) being today's featured industrial industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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

If you liked this article you might like

Why the Boardroom Doesn't Need Ivy League Degrees

Steel Stocks Are Red Hot Following AK Earnings Beat and Belief Tarrifs May Be Set Soon