ATI (NYSE:ATI) Sets New 12-Month Low - Time to Sell?

ATI Inc. (NYSE:ATI - Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as $47.25 and last traded at $46.60, with a volume of 514 shares. The stock had previously closed at $48.88.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Benchmark boosted their price target on shares of ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Barclays lifted their target price on shares of ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Finally, Susquehanna upped their target price on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

ATI Price Performance

The business's 50 day moving average is $55.34 and its two-hundred day moving average is $57.64. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. The firm has a market capitalization of $6.52 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80.

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ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.19. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 EPS. Equities research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Tina Killough Busch sold 9,900 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the completion of the transaction, the senior vice president now directly owns 25,994 shares in the company, valued at $1,726,261.54. The trade was a 27.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.05% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ATI

Several large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its holdings in shares of ATI by 48.1% during the third quarter. Captrust Financial Advisors now owns 6,339 shares of the basic materials company's stock worth $424,000 after purchasing an additional 2,059 shares in the last quarter. Quarry LP grew its stake in ATI by 86.4% in the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company's stock worth $59,000 after buying an additional 412 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of ATI by 12.4% in the 3rd quarter. Wellington Management Group LLP now owns 560,711 shares of the basic materials company's stock worth $37,517,000 after buying an additional 61,873 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of ATI during the 3rd quarter valued at $1,800,000. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of ATI by 8.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,300 shares of the basic materials company's stock worth $555,000 after acquiring an additional 633 shares during the last quarter.

ATI Company Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.