Joy Global Inc. (JOY): Today's Featured Industrial 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. Joy Global (JOY) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Joy Global fell $1.12 (-2%) to $55.95 on average volume. Throughout the day, 2.4 million shares of Joy Global exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in price between $55.01-$57.67 after having opened the day at $57.29 as compared to the previous trading day's close of $57.07. Other companies within the Industrial industry that declined today were: China Valves Technology (CVVT), down 14.8%, Intellicheck Mobilisa (IDN), down 9.7%, Highpower International (HPJ), down 7.9%, and Plug Power (PLUG), down 6.8%.
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