Tenaris SA (TS): Today's Featured Metals & Mining Winner
(
) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 2.0%. By the end of trading, Tenaris rose $0.77 (1.9%) to $41.04 on light volume. Throughout the day, 781,429 shares of Tenaris exchanged hands as compared to its average daily volume of 1,233,500 shares. The stock ranged in a price between $40.60-$41.23 after having opened the day at $40.82 as compared to the previous trading day's close of $40.27. Other companies within the Metals & Mining industry that increased today were:
(
), up 30.0%,
(
), up 17.7%,
(
), up 15.2% and
(
), up 14.8%.
Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $23.9 billion and is part of the basic materials sector. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7. Shares are down 3.9% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Tenaris a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Tenaris
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Tenaris Ratings Report.
On the negative front,
(
), down 13.8%,
(
), down 7.1%,
(
), down 4.8% and
(
), down 4.6% , were all laggards within the metals & mining industry with
(
) being today's metals & mining industry laggard.
- Use our metals & mining 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 metals & mining industry could consider
(
) while those bearish on the metals & mining industry could consider
PowerShares DB Base Metals Sht ETN
(
).
- Find other investment ideas from our top rated ETFs lists.
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