Joy Global Inc. (JOY): Today's Featured Industrial Loser
(
) pushed the Industrial industry lower today making it today's featured Industrial loser. The industry as a whole closed the day down 0.3%. By the end of trading, Joy Global fell $1.31 (-2%) to $63.28 on average volume. Throughout the day, 3.4 million shares of Joy Global exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in price between $62.60-$65.43 after having opened the day at $64.96 as compared to the previous trading day's close of $64.59. Other company's within the Industrial industry that declined today were:
(
), down 8.7%,
(
), down 8.4%,
(
), down 8.1%, and
TheStreet Recommends
(
), down 8.1%.
Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals. The company operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $6.26 billion and is part of the
sector. The company has a P/E ratio of 9.6, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 13.8% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Joy Global a buy, no analysts rate it a sell, and five rate it a hold.
TheStreet Ratings rates Joy Global as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Joy Global Ratings Report.
On the positive front,
Cleantech Solutions International
(
), up 40.7%,
(
), up 16.7%,
(
), up 14.9%, and
(
), up 8.7%, 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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