Joy Global Inc. (JOY): Today's Featured Industrial Laggard

Joy Global (JOY) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole was unchanged today. By the end of trading, Joy Global fell 78 cents (-1.5%) to $51.16 on light volume. Throughout the day, 998,153 shares of Joy Global exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in price between $50.58-$52.54 after having opened the day at $52.13 as compared to the previous trading day's close of $51.94. Other company's within the Industrial industry that declined today were: Polypore International (PPO), down 13.8%, NF Energy Saving (NFEC), down 10.4%, China Development Group Corporation (CTDC), down 10%, and Dynamic Materials Corporation (BOOM), down 6.2%.

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Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals. The company operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $5.53 billion and is part of the industrial goods sector. The company has a P/E ratio of 7.7, below the average industrial industry P/E ratio of 7.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 30.3% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Joy Global a buy, one analyst rates it a sell, and five rate it a hold.

TheStreet Ratings rates Joy Global as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself.

• You can view the full Joy Global Ratings Report.

On the positive front, RTI International Metals (RTI), up 13.1%, A123 Systems (AONE), up 12.7%, Wowjoint Holdings (BWOW), up 10.3%, and Mueller Water Products (MWA), up 9.9%, were all gainers within the industrial industry with Parker Hannifin Corporation (PH) being today's featured industrial industry leader.

• Use our industrial 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 industrial industry could consider SPDR Dow Jones Industrial Average (DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials (SIJ).

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

For more information on Joy Global Inc. click any of the following:

• Joy Global Inc. Stock Price

• Joy Global Inc. Analyst Ratings

• Joy Global Inc. Key Stats & Profile

• Joy Global Inc. Earnings

• Joy Global Inc. Ratio Comparison

• Joy Global Inc. Growth Rates

• Joy Global Inc. Balance Sheet

• Joy Global Inc. Cash Flow

• Joy Global Inc. Income Statement