Active Movers in Hot Line: Allegheny Technologies (NYSE:ATI), First Horizon National (NYSE:FHN)

Allegheny Technologies Incorporated (NYSE:ATI) [Trend Analysis] moved up reacts as active mover, shares an increase 31.14% to traded at $22.28 and the percentage gap between open changing to regular change was 14.48%. Allegheny Technologies Inc. (ATI) reported that a swing to profit for the fourth quarter from a loss last year. The company declared quarter net profit attributable to the company o f$9.9 million or $0.09 per share, compared to loss of $226.9 million or $2.12 per share last year. Revenue for the quarter climbed to $796.1 million from $738.9 million a year ago. The firm’s current ratio calculated as 2.90 for the most recent quarter. The firm past twelve months price to sales ratio was 0.77. As far as the returns are concern, the return on equity was recorded as -46.70% and return on investment was -7.20% while its return on asset stayed at -15.60%. The firm has total debt to equity ratio measured as 1.27.

First Horizon National Corporation (NYSE:FHN) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 3.05% to close at $19.93 with the total traded volume of 3.08 Million shares. First Horizon National Corp. (FHN) declared that it is increasing its quarterly cash dividend on common stock by 29 percent. First Horizon’s board of directors authorized payment of a quarterly cash dividend on its common stock of $0.09 per share payable April 3 to common shareholders of record on March 10.

The per-share quarterly cash dividend in 2016 was $0.07. The 29 percent increase raises the regular annual common dividend rate from $0.28 per share to $0.36 per share. The board also authorized payment of a quarterly cash dividend of $1,550.00 per share on First Horizon’s Non-Cumulative Perpetual Preferred Stock, Series A. This equates to a cash dividend of $0.387500 per Depositary Share (NYSE:FHN PrA), which each represent a 1/4000th interest in a share of the Series A Preferred Stock. The dividend is payable April 10 to shareholders of record on March 24. The firm has institutional ownership of 82.60%, while insider ownership included 0.90%. Its price to sales ratio ended at 5.69. FHN attains analyst recommendation of 2.60 with week performance of 2.68%.


About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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