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ABB Ltd. (ABB): Today's Featured Industrial Loser

Stock quotes in this article: ABB

ABB ( ABB) pushed the Industrial industry lower today making it today's featured Industrial loser. The industry as a whole closed the day up 0.8%. By the end of trading, ABB fell 24 cents (-1.5%) to $16.17 on heavy volume. Throughout the day, 12.7 million shares of ABB exchanged hands as compared to its average daily volume of 3.2 million shares. The stock ranged in price between $15.86-$16.23 after having opened the day at $15.90 as compared to the previous trading day's close of $16.41. Other company's within the Industrial industry that declined today were: Valence Technology ( VLNC), down 50%, A123 Systems ( AONE), down 9.1%, NF Energy Saving ( NFEC), down 8.7%, and China Recycling Energy Corporation ( CREG), down 5%.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $36.88 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.7, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 14.6% year to date as of the close of trading on Tuesday. Currently there are six analysts that rate ABB a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, China BAK Battery ( CBAK), up 13.4%, Ecotality ( ECTY), up 8.3%, Mueller Water Products ( MWA), up 8.1%, and A.O. Smith Corporation ( AOS), up 6.1%, were all gainers within the industrial industry with Illinois Tool Works ( ITW) being today's featured industrial industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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