Colfax Corporation (CFX): Today's Featured Industrial Winner
(
) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 0.2%. By the end of trading, Colfax Corporation rose $1.33 (2.6%) to $52.34 on light volume. Throughout the day, 510,195 shares of Colfax Corporation exchanged hands as compared to its average daily volume of 874,000 shares. The stock ranged in a price between $51.09-$52.53 after having opened the day at $51.18 as compared to the previous trading day's close of $51.01. Other companies within the Industrial industry that increased today were:
China Recycling Energy Corporation
(
), up 10.2%,
Asia Pacific Wire & Cable Corp
(
), up 4.2%,
(
), up 4.1% and
(
), up 2.7%.
Colfax Corporation, a diversified industrial manufacturing and engineering company, provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers worldwide. Colfax Corporation has a market cap of $5.2 billion and is part of the industrial goods sector. Shares are up 26.2% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Colfax Corporation a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Colfax Corporation
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Colfax Corporation Ratings Report.
On the negative front,
(
), down 4.8%,
(
), down 4.5%,
(
), down 3.4% and
(
), down 3.3% , were all laggards within the industrial industry with
(
) being today's industrial industry laggard.
- 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
(
) while those bearish on the industrial industry could consider
ProShares UltraShort Industrials
(
).
- Find other investment ideas from our top rated ETFs lists.
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