Allegheny Technologies Inc (ATI): Today's Featured Industrial Goods 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 Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole was unchanged today. By the end of trading, Allegheny Technologies fell $0.42 (-1.5%) to $27.19 on average volume. Throughout the day, 1,582,483 shares of Allegheny Technologies exchanged hands as compared to its average daily volume of 1,656,100 shares. The stock ranged in price between $26.96-$27.66 after having opened the day at $27.57 as compared to the previous trading day's close of $27.61. Other companies within the Industrial Goods sector that declined today were: Cleantech Solutions International ( CLNT), down 9.8%, Compx International ( CIX), down 8.6%, Global-Tech Advanced Innovations ( GAI), down 6.9% and China Advanced Construction Materials Group ( CADC), down 6.8%.

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 industry. Shares are down 9.1% year to date as of the close of trading on Thursday. 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, China Valves Technology ( CVVT), up 13.7%, Guanwei Recycling ( GPRC), up 13.4%, Euro Tech Holdings Company ( CLWT), up 11.9% and Frontline ( FRO), up 7.7% , were all gainers within the industrial goods sector with Generac Holdings ( GNRC) 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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