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Allegheny Technologies Incorporated (NYSE:ATI) stock has reached a new 52-week high, hitting $80.69 amidst a robust market performance. According to InvestingPro data, the stock’s current RSI indicates overbought territory, with the company trading at a P/E ratio of 26.8x and maintaining a healthy current ratio of 2.53. This milestone reflects a significant uptrend for the specialty metals company, which has seen an impressive 1-year change of 31.92%. The company has demonstrated remarkable momentum with a 33.4% return over the past six months and a year-to-date gain of 44.7%. Investors are closely monitoring ATI as it continues to outperform expectations, with the latest price level underscoring the company’s strong market position and potential for continued growth. The 52-week high serves as a testament to Allegheny Tech ’s resilience and strategic initiatives that have propelled the stock to new heights over the past year. InvestingPro analysis reveals 13 additional key insights about ATI’s financial health and market position, available to subscribers.
In other recent news, ATI Inc. reported impressive first-quarter earnings that exceeded analyst expectations, with adjusted earnings per share at $0.72, surpassing the consensus estimate of $0.60. The company’s revenue also outperformed projections, reaching $1.14 billion compared to the anticipated $1.08 billion, marking a 10% increase year-over-year. A significant portion of this revenue, $754 million, came from the aerospace and defense segment, which saw a 23% year-over-year growth. ATI has also provided an optimistic outlook for the future, forecasting adjusted earnings per share for Q2 2025 between $0.67 and $0.73, higher than the consensus of $0.67. For the full year 2025, the company projects adjusted earnings per share of $2.87 to $3.09, exceeding analysts’ estimates of $2.86. Additionally, ATI plans to repurchase approximately $250 million in shares during the second quarter. In another development, ATI secured a multi-year agreement with Airbus to supply titanium products, significantly increasing its previous support level and reinforcing its position as a key supplier. This agreement is expected to promote mutual growth as both companies collaborate closely.
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