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 Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 1.0%. By the end of trading, OSI Systems fell $0.67 (-1.1%) to $61.57 on light volume. Throughout the day, 119,671 shares of OSI Systems exchanged hands as compared to its average daily volume of 510,100 shares. The stock ranged in price between $61.15-$62.55 after having opened the day at $62.17 as compared to the previous trading day's close of $62.24. Other companies within the Industrial Goods sector that declined today were:
), down 17.9%,
), down 10.1%,
), down 9.5% and
), down 6.8%.
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OSI Systems, Inc., together with its subsidiaries, designs and manufactures electronic systems and components for homeland security, healthcare, defense, and aerospace markets worldwide. OSI Systems has a market cap of $1.2 billion and is part of the industrial industry. Shares are up 16.3% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate OSI Systems a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full OSI Systems Ratings Report.
On the positive front,
), up 31.9%,
), up 24.1%,
), up 15.7% and
), up 12.4% , were all gainers within the industrial goods sector with
) being today's featured industrial goods sector leader.
- Use our industrial 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 industrial goods sector could consider
) while those bearish on the industrial goods sector could consider
- Find other investment ideas from our top rated ETFs lists.