March 23, 2017

Active Stock Momentum: Allegheny Technologies Inc. (NYSE:ATI)

20 March 2017, 04:45 | Ross Houston

Allegheny Technologies (NYSE:ATI) opened at 18.02 on Thursday. A "Buy" rating does not mean that every investor should acquire the stock. The company's P/E is 0 and Forward P/E ratio is 16.76.

Other analysts have also recently issued reports about the company. The company's quarterly performance represents an optimistic momentum of 3.29 percent, with a decline of -5.66 percent in the stock price over the last one month. Frontier Capital Management Co. New York State Teachers Retirement System's holdings in Allegheny Technologies were worth $3,005,000 at the end of the most recent quarter. LLC now owns 4,401,175 shares of the company's stock worth $70,111,000 after buying an additional 852,839 shares during the last quarter. Charter Trust Co. acquired a new position in shares of Allegheny Technologies during the third quarter worth $183,000.

A 52-week high/low is the highest and lowest price that a stock has traded at during the previous year. Tower Research Capital LLC TRC raised its position in shares of Allegheny Technologies by 105.8% in the third quarter. Allegheny Technologies Incorporated (NYSE:ATI) shares gained 1.89% to $17.75 on Wednesday.

Several investment firms issued their expert ratings on Allegheny Technologies Inc. The stock is a Buy among 2 brokerage firms polled by Factset Research. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -4.33%. The stock touched its high share price of $23.69 on Jan 25, 2017 and the stock also touched its Lowest price in the last 52-weeks of trading on May 19, 2016 as $10.93. The company's market capitalization is $1.93 billion.

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Allegheny Technologies (NYSE:ATI) last released its earnings results on Tuesday, January 24th. On the other hand, in the September 2017 quarter the company recorded a net $770.5M revenue with earnings per share of $-0.21. Price per earning (ttm) stands at 0. The company reported revenue of $885.77 Million in the same period a year ago. Stock has got OUTPERFORM rating from 6 analysts of Thomson Reuters, 13 analysts given HOLD rating to the stock and 1 given UNDERPERFORM rating. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States and global trademark & copyright legislation. The stock has been given a mean Hold rating after the consensus analysis of 11 Analysts.

Shares of Rexnord Corporation (NYSE:RXN) has price volatility of 2.17% in last 5 days trading session, while shares of firm closed at $24.34 jumping up 1.71% in last session. Bank of America Corp downgraded shares of Allegheny Technologies from a "buy" rating to an "underperform" rating and set a $16.00 target price on the a research report on Friday, January 20th.

Allegheny Technologies Incorporated (NYSE:ATI) pays an annual dividend of $0.24 with a yield of 1.32% and an average dividend growth of -30.70% based on a 3 Year Average. They now have a United States dollars 16 price target on the stock.

Allegheny Technologies Incorporated (ATI) is a part of Industrial Goods sector and belongs to Metal Fabrication industry. In 2017, Flat Rolled Products (FRP) segment is expected to achieve sequential sales growth through the first two-quarters of 2017. The companys talented people use innovative technologies to offer growing global markets a wide range of specialty materials including stainless steel, nickel-based and cobalt-based alloys and superalloys, titanium and titanium alloys, specialty steel alloys, zirconium and related alloys, and tungsten-based specialty materials.

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