Friedman Industries Inc (FRD): Today's Featured Metals & Mining Winner
The
industry closed the day down 3.9%.
(
),
(
),
Avino Silver & Gold Mines
(
ASGMF
), and
(
) were all winners today within the metals & mining industry with
(
) being today's featured metals & mining winner. Friedman Industries Inc rose 7 cents (0.8%) to $9.42 on average volume. Throughout the day, 26,047 shares of Friedman Industries Inc exchanged hands as compared to its average daily volume of 31,400 shares.
Friedman Industries, Incorporated, together with its subsidiaries, engages in steel processing, pipe manufacturing and processing, and steel and pipe distribution activities in the United States. Friedman Industries Inc has a market cap of $63.2 million and is part of the
sector. The company has a P/E ratio of 7.4, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 7% year to date as of the close of trading on Friday.
TheStreet Ratings rates Friedman as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Friedman Ratings Report.
On the negative front,
(
),
(
),
(
), and
(
) were all losers within the metals & mining industry with
(
) being today's metals & mining industry Loser Spotlight stock.
- Use our metals & mining 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 metals & mining industry could consider
(
) while those bearish on the metals & mining industry could consider
PowerShares DB Base Metals Sht ETN
(
).
- Find other investment ideas from our top rated ETFs lists.
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