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) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Arrow Electronics fell $0.56 (-1.1%) to $51.32 on average volume. Throughout the day, 618,237 shares of Arrow Electronics exchanged hands as compared to its average daily volume of 673,700 shares. The stock ranged in price between $51.23-$52.03 after having opened the day at $52.03 as compared to the previous trading day's close of $51.88. Another company within the Wholesale industry that decreased today was
), down 3.2%.
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Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. It operates in two segments, Global Components and Global Enterprise Computing Solutions. Arrow Electronics has a market cap of $5.2 billion and is part of the services sector. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7. Shares are up 36.8% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Arrow Electronics a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, growth in earnings per share 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 Arrow Electronics Ratings Report.
On the positive front,
), up 4.3%,
), up 2.5% and
), up 2.0%.
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) while those bearish on the wholesale industry could consider
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