Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.8%. By the end of trading, Reliance Steel and Aluminum fell $2.55 (-3.8%) to $64.49 on heavy volume. Throughout the day, 2,034,416 shares of Reliance Steel and Aluminum exchanged hands as compared to its average daily volume of 602,000 shares. The stock ranged in price between $59.44-$68.87 after having opened the day at $65.43 as compared to the previous trading day's close of $67.04. Other companies within the Industrial Goods sector that declined today were:
), down 23.9%,
), down 12.4%,
), down 7.5% and
), down 6.5%.
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Reliance Steel & Aluminum Co. operates as a metals service center company. Reliance Steel and Aluminum has a market cap of $5.1 billion and is part of the industrial industry. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are up 8.0% year to date as of the close of trading on Wednesday.
TheStreet Ratings rates Reliance Steel and Aluminum as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Reliance Steel and Aluminum Ratings Report.
On the positive front,
), down 18.2%,
), down 12.7%,
), down 12.4% and
), down 10.2% , 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.
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