ATI (NYSE:ATI) Hits New 12-Month Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ATI. Susquehanna upped their price target on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research report on Wednesday, February 5th. StockNews.com raised ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Barclays increased their price objective on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Benchmark lifted their target price on ATI from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ATI has a consensus rating of “Moderate Buy” and an average target price of $75.00.

ATI Trading Down 8.4 %

The company has a fifty day simple moving average of $56.61 and a 200-day simple moving average of $58.25. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 0.85 and a beta of 0.80. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88.

ATI (NYSE:ATI) last released its earnings results 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. ATI had a return on equity of 21.16% and a net margin of 8.43%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, research analysts forecast 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 stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the sale, the senior vice president now directly owns 25,994 shares of the company’s stock, valued at approximately $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Wealth Partners LLC bought a new position in ATI in the fourth quarter worth $25,000. Quarry LP raised its position in ATI by 86.4% in the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 412 shares during the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of ATI in the fourth quarter valued at $94,000. EverSource Wealth Advisors LLC increased its position in ATI by 20.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock valued at $95,000 after acquiring an additional 288 shares in the last quarter. Finally, Park Square Financial Group LLC bought a new position in ATI in the 4th quarter valued at $108,000.

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.