ATI (NYSE:ATI) Shares Break Above 200-Day Moving Average - Time to Sell?

Key Points

• ATI shares broke above their 200-day moving average, reaching $190.03 versus the $184.84 average, though they remained below the 50-day moving average of $201.86.
• Analysts remain broadly bullish, with an average “Buy” rating and a consensus price target of $223.88; several firms recently upgraded the stock or maintained positive ratings.
• ATI reported better-than-expected quarterly results, including $1.23 EPS and $1.26 billion in revenue, but insiders have sold approximately 117,587 shares worth $24.1 million over the past 90 days.

ATI Inc. (NYSE:ATI - Get Free Report) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $184.84 and traded as high as $190.03. ATI shares last traded at $189.1090, with a volume of 1,368,234 shares.

Analyst Upgrades and Downgrades

ATI has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $262.00 price objective on shares of ATI in a research note on Monday, August 10th. KeyCorp decreased their target price on shares of ATI from $258.00 to $228.00 and set an "overweight" rating for the company in a report on Thursday, October 8th. Wall Street Zen raised shares of ATI from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of ATI from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday. Finally, Zacks Research upgraded shares of ATI from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat, ATI currently has an average rating of "Buy" and a consensus target price of $223.88.

ATI Stock Performance

The firm's 50 day simple moving average is $201.86 and its 200-day simple moving average is $184.84. The company has a market capitalization of $25.75 billion, a price-to-earnings ratio of 55.46, a P/E/G ratio of 1.14 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33.

ATI (NYSE:ATI - Get Free Report) last issued its earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.03 by $0.20. The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%. ATI's revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Analysts expect that ATI Inc. will post 5.11 EPS for the current year.

Insider Activity at ATI

In other ATI news, VP Timothy J. Harris sold 16,500 shares of the firm's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $193.06, for a total transaction of $3,185,490.00. Following the completion of the sale, the vice president directly owned 97,187 shares in the company, valued at approximately $18,762,922.22. This trade represents a 14.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kimberly A. Fields sold 31,757 shares of ATI stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $190.99, for a total value of $6,065,269.43. Following the transaction, the chief executive officer directly owned 125,564 shares in the company, valued at approximately $23,981,468.36. This trade represents a 20.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 117,587 shares of company stock valued at $24,111,631. Company insiders own 0.98% of the company's stock.

Hedge Funds Weigh In On ATI

A number of large investors have recently made changes to their positions in the business. CoreCap Advisors LLC bought a new stake in ATI in the second quarter worth approximately $30,000. Retirement Wealth Solutions LLC acquired a new position in shares of ATI during the third quarter worth approximately $30,000. Signature Equity Partners LLC raised its stake in ATI by 208.5% during the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 123 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of ATI by 71.9% during the third quarter. V Square Quantitative Management LLC now owns 220 shares of the basic materials company's stock valued at $42,000 after buying an additional 92 shares during the last quarter. Finally, Triumph Capital Management lifted its position in shares of ATI by 22.4% in the 2nd quarter. Triumph Capital Management now owns 317 shares of the basic materials company's stock worth $62,000 after acquiring an additional 58 shares during the period.

About ATI

ATI Inc NYSE: ATI is a specialty materials and components manufacturer serving the aerospace and defense, energy, medical, and industrial markets. The company develops and produces technically demanding materials and engineered components designed for applications that require high strength, heat resistance, corrosion resistance, or reduced weight.

ATI's products include nickel-based superalloys, titanium and titanium-based materials, specialty steels, cobalt- and zirconium-based alloys, and other advanced materials.

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