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

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 higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.2%. By the end of trading, Allegheny Technologies rose $1.29 (4.0%) to $33.88 on average volume. Throughout the day, 1,612,397 shares of Allegheny Technologies exchanged hands as compared to its average daily volume of 1,185,300 shares. The stock ranged in a price between $32.49-$33.93 after having opened the day at $32.53 as compared to the previous trading day's close of $32.59. Other companies within the Industrial industry that increased today were: ZBB Energy Corporation ( ZBB), up 47.2%, Fuelcell Energy ( FCEL), up 15.5%, Intellicheck Mobilisa ( IDN), up 15.1% and Ideal Power ( IPWR), up 14.6%.

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 12.1% year to date as of the close of trading on Tuesday. 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, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. 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 negative front, Highpower International ( HPJ), down 18.1%, Skullcandy ( SKUL), down 9.5%, Global-Tech Advanced Innovations ( GAI), down 7.5% and American Electric Technologies ( AETI), down 7.4% , were all laggards within the industrial industry with Stratasys ( SSYS) being today's industrial industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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