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VeriFone Systems Inc. (PAY): Today's Featured Consumer Goods Winner

Stock quotes in this article: PAY

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

VeriFone Systems ( PAY) pushed the Consumer Goods sector higher today making it today's featured consumer goods winner. The sector as a whole closed the day up 0.4%. By the end of trading, VeriFone Systems rose $1.25 (4.8%) to $27.50 on heavy volume. Throughout the day, 3,827,531 shares of VeriFone Systems exchanged hands as compared to its average daily volume of 1,592,100 shares. The stock ranged in a price between $26.23-$27.61 after having opened the day at $26.27 as compared to the previous trading day's close of $26.25. Other companies within the Consumer Goods sector that increased today were: Helen of Troy ( HELE), up 10.3%, Ocean Bio-Chem ( OBCI), up 9.4%, Verso Paper ( VRS), up 7.8% and Truett-Hurst Inc Class A ( THST), up 6.0%.

VeriFone Systems, Inc. designs, markets, and services electronic payment solutions at the point of sale (POS) worldwide. VeriFone Systems has a market cap of $2.9 billion and is part of the consumer durables industry. Shares are down 2.1% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate VeriFone Systems a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates VeriFone Systems as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

On the negative front, Crumbs Bake Shop ( CRMB), down 7.1%, Ever-Glory International Group ( EVK), down 6.1%, Reeds ( REED), down 5.8% and China New Borun Corporation ( BORN), down 5.4%.

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

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