Allegheny Technologies Incorporated (NYSE:ATI) shares gapped down before the market opened on Monday . The stock had previously closed at $25.54, but opened at $25.66. Allegheny Technologies shares last traded at $26.05, with a volume of 46192 shares traded.

A number of research analysts have recently commented on the company. Macquarie lowered Allegheny Technologies from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $34.00 to $28.00 in a report on Friday. Zacks Investment Research upgraded Allegheny Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Buckingham Research set a $45.00 price target on Allegheny Technologies and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, ValuEngine upgraded Allegheny Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Allegheny Technologies presently has an average rating of “Buy” and a consensus price target of $33.36.

The company has a debt-to-equity ratio of 0.77, a current ratio of 2.68 and a quick ratio of 1.24. The company has a market cap of $3.24 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 0.95 and a beta of 2.39.

Allegheny Technologies (NYSE:ATI) last issued its earnings results on Tuesday, January 22nd. The basic materials company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $991.88 million. Allegheny Technologies had a net margin of 5.50% and a return on equity of 10.28%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. Equities research analysts forecast that Allegheny Technologies Incorporated will post 1.9 EPS for the current fiscal year.

In other Allegheny Technologies news, Director Barabara S. Jeremiah sold 7,500 shares of the stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $25.61, for a total transaction of $192,075.00. Following the completion of the transaction, the director now directly owns 33,833 shares in the company, valued at $866,463.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard J. Harshman sold 7,140 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $28.99, for a total value of $206,988.60. The disclosure for this sale can be found here. Insiders have sold 45,628 shares of company stock valued at $1,301,542 over the last quarter. Corporate insiders own 1.06% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Private Capital Group LLC boosted its holdings in Allegheny Technologies by 336.2% in the fourth quarter. Private Capital Group LLC now owns 1,348 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 1,039 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Allegheny Technologies in the fourth quarter valued at about $41,000. Pearl River Capital LLC acquired a new position in Allegheny Technologies in the fourth quarter valued at about $48,000. Whittier Trust Co. acquired a new position in Allegheny Technologies in the fourth quarter valued at about $59,000. Finally, First Manhattan Co. acquired a new position in Allegheny Technologies in the first quarter valued at about $85,000.

TRADEMARK VIOLATION WARNING: This report was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://theolympiareport.com/2019/04/15/allegheny-technologies-ati-shares-gap-down-to-25-66.html.

About Allegheny Technologies (NYSE:ATI)

Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials & Components, and Flat-Rolled Products. The High Performance Materials & Components segment produces high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires, and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts.

Recommended Story: What is a resistance level?

Receive News & Ratings for Allegheny Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegheny Technologies and related companies with MarketBeat.com's FREE daily email newsletter.