Shares of Allegheny Technologies Incorporated (NYSE:ATI) traded at a new 52-week high today of $21.47. So far today approximately 294,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.
In the past 52 weeks, shares of Allegheny Technologies Incorporated have traded between a low of $4.95 and a high of $21.47 and is now at $21.44, which is 333% above that low price.
Based on a current price of $21.44, Allegheny Technologies Incorporated is currently 13.0% above its average consensus analyst price target of $18.64.
Allegheny Technologies supplies specialty metals to a variety of end markets, including aerospace and defense, oil and gas, automotive, and electrical energy, among many others. With regard to materials, the company generates most of its revenue from the production of nickel-based alloys, titanium products, titanium alloys, and other specialty alloys. Allegheny also manufactures flat-rolled stainless-steel products. Key value-added product lines are frequently used in applications that require stress tolerance as well as corrosion and heat resistance.
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