ITT Corporation (ITT): Today's Featured Industrial Loser
The
industry closed the day up 1.5%.
(
),
China Development Group Corporation
(
),
(
), and
Wowjoint Holdings
(
BWOW
) were all decliners today within the industrial industry with
(
) being today's featured industrial loser. ITT Corporation fell 48 cents (-1.1%) to $43.54 on heavy volume. Throughout the day, 3.1 million shares of ITT Corporation exchanged hands as compared to its average daily volume of 1.9 million shares.
ITT Corporation designs, manufactures, and sells a range of engineered products, and provides related services worldwide. ITT Corporation has a market cap of $8.3 billion and is part of the
sector. The company has a P/E ratio of 14.3, above the average industrial industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 17.7. Shares are down 15.5% year to date as of the close of trading on Tuesday.
TheStreet Ratings rates ITT as a
. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity.
- You can view the full ITT Ratings Report.
On the positive front,
(
),
Hallwood Group Inc
(
HWG
),
Hollysys Automation Technologies
(
), and
(
) were all gainers within the industrial industry with
(
) being today's featured industrial industry winner.
- Use our industrial 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 industrial industry could consider
SPDR Dow Jones Industrial Average
(
) while those bearish on the industrial industry could consider
ProShares UltraShort Industrials
(
).
- Find other investment ideas from our top rated ETFs lists.
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