Allegheny Technologies Incorporated (NYSE:ATI) traded at a new 52-week high today of $24.24. This new high was reached on below average trading volume as 591,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.
Allegheny Technologies Incorporated share prices have moved between a 52-week high of $24.24 and a 52-week low of $6.21 and are now trading 289% above that low price at $24.14 per share.
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.
Allegheny Technologies Incorporated (NYSE:ATI) defies analysts with a current price ($24.14) 2.1% above its average consensus price target of $23.64.
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