) pushed the Industrial industry lower today making it today's featured Industrial loser. The industry as a whole closed the day up 0.5%. By the end of trading, ABB fell 26 cents (-1.6%) to $15.81 on heavy volume. Throughout the day, 5.1 million shares of ABB exchanged hands as compared to its average daily volume of 3.2 million shares. The stock ranged in price between $15.81-$16.20 after having opened the day at $16.18 as compared to the previous trading day's close of $16.07. Other company's within the Industrial industry that declined today were:
), down 13.8%,
), down 13.5%,
), down 9.7%, and
), down 7.8%.
- ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!
ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $37.84 billion and is part of the
sector. The company has a P/E ratio of 12, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 12.4% year to date as of the close of trading on Thursday. Currently there are six analysts that rate ABB a buy, no analysts rate it a sell, and three rate it a hold.
TheStreet Ratings rates ABB 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, increase in net income, reasonable valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full ABB Ratings Report.
On the positive front,
), up 16.4%,
), up 13.2%,
), up 7.9%, and
), up 7.7%, were all gainers within the industrial industry with
) being today's featured industrial industry winner.
- 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
) while those bearish on the industrial industry could consider
- Find other investment ideas from our top rated ETFs lists.