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 down 2.0%. By the end of trading, Allegheny Technologies rose $0.80 (2.1%) to $38.78 on heavy volume. Throughout the day, 2,999,573 shares of Allegheny Technologies exchanged hands as compared to its average daily volume of 1,300,700 shares. The stock ranged in a price between $38.21-$38.87 after having opened the day at $38.57 as compared to the previous trading day's close of $37.98. Other companies within the Industrial industry that increased today were: Altair Nanotechnologies ( ALTI), up 5.0%, GreenHunter Resources ( GRH), up 4.9%, Chicago Rivet & Machine ( CVR), up 3.7% and Metalico ( MEA), up 3.6%.

Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company operates through two segments, High Performance Metals and Flat-Rolled Products. Allegheny Technologies has a market cap of $4.1 billion and is part of the industrial goods sector. Shares are up 6.6% year to date as of the close of trading on Thursday. 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, increase in stock price during the past year 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 negative front, Ocean Power Technologies ( OPTT), down 19.7%, Hydrogenics Corporation ( HYGS), down 10.6%, Clean Diesel Technologies ( CDTI), down 9.2% and Arotech Corporation ( ARTX), down 8.9% , were all laggards within the industrial industry with Ingersoll-Rand ( IR) 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).

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