Triumph Group Inc. (TGI): Today's Featured Industrial Goods Laggard
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.
(
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.7%. By the end of trading, Triumph Group fell $6.98 (-8.3%) to $77.22 on heavy volume. Throughout the day, 1,562,263 shares of Triumph Group exchanged hands as compared to its average daily volume of 538,900 shares. The stock ranged in price between $77.08-$82.88 after having opened the day at $82.88 as compared to the previous trading day's close of $84.20. Other companies within the Industrial Goods sector that declined today were:
(
), down 30.6%,
Global-Tech Advanced Innovations
(
), down 15.5%,
(
), down 15.0% and
(
), down 11.6%.
Triumph Group, Inc., through its subsidiaries, engages in the design, engineering, manufacture, repair, overhaul, and distribution of aero structures, aircraft components, accessories, subassemblies, and systems worldwide. Triumph Group has a market cap of $4.3 billion and is part of the aerospace/defense industry. Shares are up 28.9% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Triumph Group a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Triumph Group
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Triumph Group Ratings Report.
On the positive front,
China Recycling Energy Corporation
(
), up 13.6%,
(
), up 8.1%,
(
), up 5.8% and
(
), up 4.7% , were all gainers within the industrial goods sector with
(
) being today's featured industrial goods sector leader.
- Use our industrial goods section to find sector-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 goods sector could consider
(
) while those bearish on the industrial goods sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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