Shares of Allegheny Technologies Inc. (NYSE:ATI) saw an uptick in trading volume on Tuesday . 5,499,386 shares traded hands during trading, an increase of 45% from the previous session’s volume of 3,800,805 shares.The stock last traded at $15.06 and had previously closed at $14.47.

A number of research firms recently weighed in on ATI. Deutsche Bank AG reissued a “hold” rating and set a $13.00 price target (up from $10.00) on shares of Allegheny Technologies in a research report on Wednesday, March 23rd. Rosenblatt Securities reissued a “buy” rating and set a $26.00 price target (up from $18.00) on shares of Allegheny Technologies in a research report on Tuesday, April 19th. Zacks Investment Research raised shares of Allegheny Technologies from a “sell” rating to a “hold” rating in a research report on Friday, April 29th. Cowen and Company lowered shares of Allegheny Technologies from a “market perform” rating to an “underperform” rating and set a $7.00 price target on the stock. in a research report on Monday, April 4th. Finally, Bank of America Corp. reissued an “underperform” rating on shares of Allegheny Technologies in a research report on Thursday, March 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Allegheny Technologies presently has an average rating of “Buy” and a consensus price target of $21.32.

The firm has a 50-day moving average of $13.07 and a 200-day moving average of $13.22. The firm’s market capitalization is $1.64 billion.

Allegheny Technologies (NYSE:ATI) last announced its quarterly earnings data on Tuesday, April 26th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by $0.02. During the same period in the prior year, the business posted $0.09 earnings per share. The business had revenue of $758 million for the quarter, compared to analyst estimates of $796.44 million. Allegheny Technologies’s quarterly revenue was down 32.7% on a year-over-year basis. Analysts expect that Allegheny Technologies Inc. will post ($0.96) EPS for the current fiscal year.

A number of large investors recently made changes to their positions in the stock. Quantitative Investment Management LLC raised its stake in shares of Allegheny Technologies by 400.0% in the fourth quarter. Quantitative Investment Management LLC now owns 108,500 shares of the company’s stock worth $1,220,000 after buying an additional 86,800 shares during the period. Retirement Systems of Alabama raised its stake in shares of Allegheny Technologies by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 140,327 shares of the company’s stock worth $1,579,000 after buying an additional 1,828 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Allegheny Technologies by 1.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 150,095 shares of the company’s stock worth $1,689,000 after buying an additional 1,640 shares during the period. Russell Frank Co raised its stake in shares of Allegheny Technologies by 126.8% in the fourth quarter. Russell Frank Co now owns 154,866 shares of the company’s stock worth $1,757,000 after buying an additional 86,593 shares during the period. Finally, Private Harbour Investment Management & Counsel LLC raised its stake in shares of Allegheny Technologies by 251.6% in the fourth quarter. Private Harbour Investment Management & Counsel LLC now owns 160,120 shares of the company’s stock worth $1,801,000 after buying an additional 114,580 shares during the period.

Allegheny Technologies Incorporated (ATI) is a specialty materials and components producer. The Company operates through two business segments: High Performance Materials & Components and Flat Rolled Products. ATI’s products include titanium and titanium alloys, nickel-based alloys and specialty steels, precision forgings, castings and machined components, zirconium and related alloys, precision and engineered stainless steel strip, and grain-oriented electrical steel.

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