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
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 1.0%. By the end of trading, ABB fell $0.51 (-2.3%) to $21.79 on heavy volume. Throughout the day, 2,867,017 shares of ABB exchanged hands as compared to its average daily volume of 1,753,000 shares. The stock ranged in price between $21.77-$22.16 after having opened the day at $22.12 as compared to the previous trading day's close of $22.30. Other companies within the Industrial Goods sector that declined today were:
), down 22.8%,
), down 11.5%,
), down 11.2% and
), down 10.6%.
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ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $50.8 billion and is part of the electronics industry. The company has a P/E ratio of 18.7, above the S&P 500 P/E ratio of 17.7. Shares are up 6.3% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate ABB a buy, 1 analyst rates it a sell, and 1 rates it a hold.
TheStreet Ratings rates
. 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, reasonable valuation levels 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 ABB Ratings Report.
On the positive front,
), down 16.7%,
), down 4.0%,
), down 4.0% and
), down 3.8% , 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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