Shares of ATI Inc. (NYSE:ATI – Get Free Report) were up 14% during trading on Thursday following a stronger than expected earnings report. The basic materials company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. Two investment analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. Following the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at $39,039,766.98. ATI Stock Up 13.6%The company’s 50 day simple moving average is $190.30 and its 200-day simple moving average is $163.33.