Allegheny Technologies Incorporated (ATI) Settles Into New 52-Week Low on December 26 Session

Equities Staff  |

Shares of Allegheny Technologies Incorporated (ATI) sank into a new 52-week low yesterday, and could be a company to watch at the open. The company’s stock fell to as low as $20.84 yesterday after opening at $21.31. By the closing bell, the company's stock was at $22.17 a share for a gain of 4.53%.

While no company wants to see their stocks fall into a new 52-week low, opportune investors may have reason to celebrate. Bullish investors with a healthy tolerance for risk may view this as a chance to buy stocks as distressed prices before a bounce back. With that said, whenever a stock falls into new negative territory, there usually is a compelling reason for it. Investors bearish on the stock might see the stock reaching its lowest price in a year as a sign of growing downward momentum and take it as a good reason to sell their shares. Bulls, though, could likely see a new 52-week low as the stock hitting its low point and anticipate a recovery in the share price.

Allegheny Technologies Incorporated saw 1.05 million shares of its stock trade hands, that's out of 125.68 million shares outstand. The stock has an average daily volume of 1.45 million shares. After hitting a new 52-week low, Allegheny Technologies Incorporated enters the new trading day with a market cap of 2.79 billion, a 50-day SMA of $25.95 and a 200-day SMA of $26.70

Allegheny Technologies Incorporated now has a P/E ratio of 15.7.

For a complete fundamental analysis analysis of Allegheny Technologies Incorporated, check out Equities.com’s Stock Valuation Analysis report for ATI.

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Allegheny Technologies supplies specialty metals to a variety of end markets, including aerospace and defense, energy, medical, and automotive. Some of the company's major product lines include titanium and nickel-based alloys. Additionally, Allegheny manufactures flat-rolled stainless steel products. Its product lines are frequently used in applications that require stress tolerance as well as corrosion and heat resistance.

Allegheny Technologies Incorporated has 8,600 employees, is led by CEO Richard J. Harshman, and makes its home in Pittsburgh, PA.

Allegheny Technologies Incorporated is also a component of the Russell 2000 Index, which is generally viewed as the most reliable indicator of the health of the broader small-cap market. Using a rules-based methodology, it creates a simple, unbiased view of how America's stable of smaller publicly traded companies are performing in the stock markets. The index consists of the 2,000 smallest companies of the 3,000 largest publicly-traded companies in the country as judged by market cap. It's constructed by Russell Investments, which also builds and maintains the Russell 3000 (an index consisting of all 3,000 biggest companies by market cap) and the large-cap Russell 1000 (which has the 1,000 largest companies from the Russell 3000).

To get more information on Allegheny Technologies Incorporated and to follow the company’s latest updates, you can visit the company’s profile page here: ATI’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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