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Allegheny Technologies Incorporated (NYSE:ATI) has been downgraded to Sell in a statement by BidaskClub earlier today.

BidaskClub has downgraded Allegheny Technologies Incorporated (NYSE:ATI) to Sell in a statement released on 6/20/2017.

Displaying a price of $16.13, Allegheny Technologies Incorporated (NYSE:ATI) traded 3.93% higher on the day. With the last close down 30.02% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the date range. Allegheny Technologies Incorporated has recorded a 50-day average of $19.87 and a two hundred day moving average of $17.89. 3,039,164 shares of the stock traded hands, up from an average trading volume of 1,916,210

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Allegheny Technologies Incorporated (NYSE:ATI)

Allegheny Technologies Incorporated has a one year low of $13.15 and a one year high of $23.69 Allegheny Technologies Incorporated’s market capitalization is currently $0.

In addition to BidaskClub reporting its stock price target, a total of 7 brokerages have issued a ratings update on the company. The average stock price target is $16.13 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Allegheny Technologies Incorporated (NYSE:ATI)

Allegheny Technologies Incorporated is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components (HPMC), and Flat Rolled Products (FRP). The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys, including hafnium and niobium, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components and machined parts. The FRP segment produces, converts and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys, in a range of product forms, including plate, sheet, engineered strip, and Precision Rolled Strip products.

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