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 1.4%. By the end of trading, Allegheny Technologies fell $0.39 (-1.2%) to $31.34 on average volume. Throughout the day, 1,738,030 shares of Allegheny Technologies exchanged hands as compared to its average daily volume of 1,172,700 shares. The stock ranged in price between $30.94-$31.92 after having opened the day at $31.42 as compared to the previous trading day's close of $31.73. Other companies within the Industrial industry that declined today were: THT Heat Transfer Technology ( THTI), down 5.2%, Allied Motion Technologies ( AMOT), down 4.8%, Intellicheck Mobilisa ( IDN), down 3.0% and GreenHunter Resources ( GRH), down 2.8%.

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 $3.4 billion and is part of the industrial goods sector. Shares are down 10.9% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Allegheny Technologies a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Allegheny Technologies as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow.

On the positive front, ARC Group Worldwide ( ARCW), up 16.0%, Clean Diesel Technologies ( CDTI), up 14.7%, Gencor Industries ( GENC), up 10.5% and Tower International ( TOWR), up 10.2% , were all gainers within the industrial industry with Generac Holdings ( GNRC) 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.

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