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) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day down 0.2%. By the end of trading, Harman International Industries fell $1.15 (-1.4%) to $80.20 on light volume. Throughout the day, 268,852 shares of Harman International Industries exchanged hands as compared to its average daily volume of 697,200 shares. The stock ranged in price between $80.07-$81.36 after having opened the day at $81.36 as compared to the previous trading day's close of $81.35. Other companies within the Consumer Goods sector that declined today were:
), down 12.3%,
), down 11.3%,
), down 10.7% and
), down 9.1%.
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Harman International Industries, Incorporated designs, develops, manufactures, and markets audio products, lighting solutions, and electronic systems, as well as digitally integrated audio and infotainment systems for the automotive industry worldwide. Harman International Industries has a market cap of $5.5 billion and is part of the consumer durables industry. The company has a P/E ratio of 42.5, above the S&P 500 P/E ratio of 17.7. Shares are up 82.2% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Harman International Industries a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Harman International Industries
. 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, good cash flow from operations, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Harman International Industries Ratings Report.
On the positive front,
), up 7.3%,
), up 7.1%,
), up 6.7% and
), up 6.5% , were all gainers within the consumer goods sector with
) being today's featured consumer goods sector leader.
- Use our consumer goods section to find sector-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 consumer goods sector could consider
) while those bearish on the consumer goods sector could consider
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