Breakfast Technical Briefing on Metal Fabrication Stocks — Allegheny Technologies, Carpenter Technology, Constellium, and Tenaris

By , in PR PR Sci/Tech on .

NEW YORK, Nov. 09, 2017

If you want a Stock Review on ATI, CRS, CSTM, or TS then come over to and sign up for your free customized report. Research reports have been issued by on Allegheny Technologies Inc. (NYSE: ATI), Carpenter Technology Corp. (NYSE: CRS), Constellium N.V. (NYSE: CSTM), and Tenaris S.A. (NYSE: TS). These stocks operate in the global Metal Fabrication market, which, according to a Transparency Market Research report, was valued at US$16.35 billion in 2015 and is forecast to expand at a CAGR of 3.0% to reach US$21.38 billion by 2024. Daily Stock Tracker published free research reports on these stocks today at:

Allegheny Technologies

Pittsburgh, Pennsylvania-based Allegheny Technologies Inc.'s shares plummeted 6.56%, closing Wednesday's trading session at $23.80. The stock recorded a trading volume of 14.98 million shares, which was above its three months average volume of 1.88 million shares. The Company's shares have surged 32.00% over the previous three months and 49.40% since the start of this year. The stock is trading 0.86% above its 50-day moving average and 22.50% above its 200-day moving average. Additionally, shares of Allegheny Technologies, which produces and sells specialty materials and components worldwide, have a Relative Strength Index (RSI) of 43.01. 

On November 07th, 2017, Allegheny Technologies (ATI) announced that it has priced an underwritten offering of 17,000,000 shares of common stock at a public offering price of $24.00 per share, before offering discounts. The offering will result in gross proceeds of approximately $408 million to the Company. ATI granted the underwriters a 30-day option to purchase up to 2,550,000 additional shares of common stock at the public offering price, less the underwriting discount. See our free and comprehensive research report on ATI at:

Carpenter Technology

On Wednesday, shares in Wyomissing, Pennsylvania headquartered Carpenter Technology Corp. recorded a trading volume of 364,712 shares. The stock declined 0.04%, ending the day at $48.82. The Company's shares have advanced 27.14% in the previous three months and 34.97% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.15% and 21.27%, respectively. Furthermore, shares of Carpenter Technology, which manufactures, fabricates, and distributes specialty metals worldwide, have an RSI of 54.13. 

On October 26th, 2017, Carpenter Technology announced financial results for its fiscal first quarter ended September 30th, 2017. Net income for Q1 FY18 was $23.4 million, net sales were $479.8 million, and operating income was $41.7 million. Cash used for operating activities in the quarter was $7.4 million; free cash flow was –$44.9 million; and total liquidity, including cash and available revolver balance, was $415.5 million. CRS free research report is just a click away at:


Schiphol-Rijk, the Netherlands headquartered Constellium N.V.'s stock finished the day 2.24% lower at $10.90. A total volume of 2.29 million shares was traded, which was above their three months average volume of 1.36 million shares. The Company's shares have advanced 2.83% in the last one month, 9.55% in the previous three months, and 84.75% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.91% and 32.22%, respectively. Additionally, shares of Constellium have an RSI of 46.99. 

On November 02nd, 2017, Constellium announced that it has priced a private offering of $500 million of senior unsecured notes due 2026 (the “Dollar Notes”) and €400 million of senior unsecured notes due 2026 (the “Euro Notes”). The Dollar Notes will bear interest at a rate of 5.875% per annum, and the Euro Notes will bear interest at a rate of 4.250% per annum, in each case payable semi-annually in arrears. Sign up for your complimentary report on CSTM at:


Shares in Luxembourg headquartered Tenaris S.A. ended yesterday's session 1.22% lower at $29.89. The stock recorded a trading volume of 1.56 million shares. The Company's shares have advanced 8.89% in the last one month and 7.21% over the previous three months. The stock is trading 7.34% above its 50-day moving average. Moreover, shares of Tenaris have an RSI of 65.73. 

On November 01st, 2017, Tenaris' Board of Directors approved the payment of an interim dividend of $0.13 per share ($0.26 per ADS), or approximately $153 million. The payment date will be November 22nd, 2017, with an ex-dividend date on November 20th, 2017 and a record date on November 21st, 2017. Register for free on and download the latest research report on TS at:

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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