ATI (NYSE:ATI) Trading Down 5.7% - Time to Sell?

ATI Inc. (NYSE:ATI - Get Free Report)'s share price was down 5.7% on Friday . The stock traded as low as $54.36 and last traded at $53.98. Approximately 216,729 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 1,407,922 shares. The stock had previously closed at $57.24.

Analyst Ratings Changes

ATI has been the subject of several recent analyst reports. Susquehanna raised their target price on ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research note on Wednesday, February 5th. Benchmark boosted their price objective on shares of ATI from $80.00 to $81.00 and gave the company a "buy" rating in a report on Thursday, February 13th. StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Barclays boosted their price target on shares of ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. One equities 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $75.00.

ATI Stock Down 1.4 %

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 business has a 50-day simple moving average of $58.16 and a two-hundred day simple moving average of $59.50. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 0.85 and a beta of 1.14.

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

Insiders Place Their Bets

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the transaction, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. This represents a 27.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.71% of the stock is currently owned by company insiders.

Institutional Trading of ATI

A number of hedge funds have recently bought and sold shares of ATI. ORG Wealth Partners LLC acquired a new position in shares of ATI in the 4th quarter valued at $25,000. Quarry LP increased its position in shares of ATI by 86.4% during the third quarter. Quarry LP now owns 889 shares of the basic materials company's stock worth $59,000 after acquiring an additional 412 shares during the last quarter. Mainstream Capital Management LLC bought a new position in shares of ATI in the 4th quarter worth about $94,000. EverSource Wealth Advisors LLC lifted its holdings in ATI by 20.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock worth $95,000 after acquiring an additional 288 shares during the last quarter. Finally, Park Square Financial Group LLC acquired a new position in ATI in the fourth quarter valued at approximately $108,000.

About ATI

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.