Manitowoc Co Inc (MTW): Today's Featured Industrial Goods Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. Manitowoc (MTW) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Manitowoc fell 17 cents (-1.3%) to $12.54 on light volume. Throughout the day, 2.4 million shares of Manitowoc exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $12.46-$12.76 after having opened the day at $12.62 as compared to the previous trading day's close of $12.71. Other companies within the Industrial Goods sector that declined today were: China BAK Battery (CBAK), down 12.4%, Bonso Electronics International (BNSO), down 8.6%, ZBB Energy Corporation (ZBB), down 8.4%, and Avalon Holdings (AWX), down 7.9%.
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