Trade-Ideas LLC identified

Carpenter Technology

(

CRS

) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Carpenter Technology as such a stock due to the following factors:

  • CRS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $18.1 million.
  • CRS has traded 33.5373000000000018872015061788260936737060546875 options contracts today.
  • CRS is making at least a new 3-day high.
  • CRS has a PE ratio of 109.
  • CRS is mentioned 0.45 times per day on StockTwits.
  • CRS has not yet been mentioned on StockTwits today.
  • CRS is currently in the upper 20% of its 1-year range.
  • CRS is in the upper 35% of its 20-day range.
  • CRS is in the upper 45% of its 5-day range.
  • CRS is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on CRS:

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. It operates through two segments: Specialty Alloys Operations and Performance Engineered Products. The stock currently has a dividend yield of 1.9%. CRS has a PE ratio of 109. Currently there is 1 analyst that rates Carpenter Technology a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Carpenter Technology has been 398,400 shares per day over the past 30 days. Carpenter Technology has a market cap of $1.7 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 1.91 and a short float of 10% with 10.04 days to cover. Shares are up 28.1% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Carpenter Technology as a

hold

. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and disappointing return on equity.

Highlights from the ratings report include:

  • The current debt-to-equity ratio, 0.54, is low and is below the industry average, implying that there has been successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.93 is somewhat weak and could be cause for future problems.
  • Despite the weak revenue results, CRS has outperformed against the industry average of 45.8%. Since the same quarter one year prior, revenues fell by 20.0%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • Net operating cash flow has decreased to $65.60 million or 45.74% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 1614.3% when compared to the same quarter one year ago, falling from -$1.40 million to -$24.00 million.

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