Avnet Inc (AVT): Today's Featured Wholesale Loser

Avnet (AVT) pushed the Wholesale industry lower today making it today's featured Wholesale loser. The industry as a whole closed the day up 0.3%. By the end of trading, Avnet fell 59 cents (-1.7%) to $34.15 on average volume. Throughout the day, 1.2 million shares of Avnet exchanged hands as compared to its average daily volume of one million shares. The stock ranged in price between $33.99-$34.73 after having opened the day at $34.65 as compared to the previous trading day's close of $34.74. Other company's within the Wholesale industry that declined today were: Westinghouse Solar (WEST), down 12.9%, China Auto Logistics (CALI), down 5.1%, Tessco Technologies (TESS), down 5%, and Grupo Casa Saba S.A.B. de C.V (SAB), down 4.8%.

Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer and storage products, and embedded subsystems in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. Avnet has a market cap of $5.1 billion and is part of the services sector. The company has a P/E ratio of 7.9, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 11.7% year to date as of the close of trading on Friday. Currently there are seven analysts that rate Avnet a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Avnet as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

• You can view the full Avnet Ratings Report.

On the positive front, GTSI Corporation (GTSI), up 47.3%, Hudson Technology (HDSN), up 5%, InfoSonics Corporation (IFON), up 4.9%, and Crystal Rock Holdings (CRVP), up 3.9%, were all gainers within the wholesale industry with Sysco Corporation (SYY) being today's featured wholesale industry winner.

• Use our wholesale section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider iShares Dow Jones US Cons Goods (IYK) while those bearish on the wholesale industry could consider ProShares Ultra Sht Consumer Goods (SZK).

• Find other investment ideas from our top rated ETFs lists.

For more information on Avnet Inc click any of the following:

• Avnet Inc Stock Price

• Avnet Inc Analyst Ratings

• Avnet Inc Key Stats & Profile

• Avnet Inc Earnings

• Avnet Inc Ratio Comparison

• Avnet Inc Growth Rates

• Avnet Inc Balance Sheet

• Avnet Inc Cash Flow

• Avnet Inc Income Statement