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 closed the day up 0.5%. By the end of trading, Allegheny Technologies fell $0.57 (-1.4%) to $40.67 on heavy volume. Throughout the day, 2,428,710 shares of Allegheny Technologies exchanged hands as compared to its average daily volume of 1,556,100 shares. The stock ranged in price between $40.46-$41.31 after having opened the day at $41.29 as compared to the previous trading day's close of $41.24. Other companies within the Industrial Goods sector that declined today were: Desarrolladora Homex SAB de CV ADR ( HXM), down 7.0%, Acorn Energy ( ACFN), down 4.4%, Highway Holdings ( HIHO), down 4.2% and United States Lime & Minerals ( USLM), down 4.2%.

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 $4.5 billion and is part of the industrial industry. Shares are up 15.8% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Allegheny Technologies a buy, 1 analyst rates it a sell, and 3 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 solid stock price performance, 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, China Ming Yang Wind Power Group ( MY), up 8.0%, Ballard Power Systems ( BLDP), up 7.1%, Industrial Services of America ( IDSA), up 6.3% and Clean Diesel Technologies ( CDTI), up 6.2% , were all gainers within the industrial goods sector with Pentair ( PNR) 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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