) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 1.5%. By the end of trading, Colfax Corporation rose 73 cents (2.5%) to $29.91 on light volume. Throughout the day, 519,634 shares of Colfax Corporation exchanged hands as compared to its average daily volume of 711,300 shares. The stock ranged in a price between $29.43-$30.09 after having opened the day at $29.47 as compared to the previous trading day's close of $29.18. Other companies within the Industrial industry that increased today were:
), up 94.2%,
), up 12.5%,
), up 10.6%, and
), up 8.1%.
Colfax Corporation engages in the design, manufacture, and marketing of fluid handling products to commercial marine, oil and gas, power generation, defense, and general industrial sectors worldwide. Colfax Corporation has a market cap of $1.25 billion and is part of the
sector. The company has a P/E ratio of 42.9, below the average industrial industry P/E ratio of 43.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 58.5% year to date as of the close of trading on Friday. Currently there are four analysts that rate Colfax Corporation a buy, no analysts rate it a sell, and six rate it a hold.
TheStreet Ratings rates Colfax Corporation as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures 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 Colfax Ratings Report.
On the negative front,
), down 15.3%,
), down 13.3%,
), down 11.6%, and
), down 11%, were all losers within the industrial industry with
) being today's industrial industry loser.
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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.