MRC Global Inc (MRC): Today's Featured Industrial Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.2%. By the end of trading, MRC Global rose $0.27 (1.1%) to $25.91 on light volume. Throughout the day, 522,380 shares of MRC Global exchanged hands as compared to its average daily volume of 1,298,600 shares. The stock ranged in a price between $25.46-$25.95 after having opened the day at $25.60 as compared to the previous trading day's close of $25.64. Other companies within the Industrial industry that increased today were:
China Recycling Energy Corporation
(
), up 18.7%,
(
), up 11.1%,
(
), up 8.8% and
(
), up 6.8%.
MRC Global Inc. distributes pipes, valves, and fittings (PVF), and related products and services to the energy industry worldwide. MRC Global has a market cap of $2.6 billion and is part of the industrial goods sector. Shares are down 7.7% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate MRC Global a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates MRC Global as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.
- You can view the full MRC Global Ratings Report.
On the negative front,
(
), down 8.1%,
(
), down 8.1%,
(
), down 7.7% and
(
), down 4.8% , were all laggards within the industrial industry with
(
) being today's industrial industry laggard.
- 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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