Tenaris SA (TS): Today's Featured Industrial Laggard
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 lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Tenaris fell $0.54 (-1.2%) to $45.33 on average volume. Throughout the day, 1,045,057 shares of Tenaris exchanged hands as compared to its average daily volume of 1,173,300 shares. The stock ranged in price between $45.15-$45.96 after having opened the day at $45.80 as compared to the previous trading day's close of $45.87. Other companies within the Industrial industry that declined today were:
American Electric Technologies
(
), down 5.0%,
(
), down 4.8%,
(
), down 4.5% and
(
), down 4.2%.
Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $26.9 billion and is part of the industrial goods sector. Shares are up 9.4% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Tenaris a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Tenaris
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, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Tenaris Ratings Report.
On the positive front,
(
), up 15.1%,
(
), up 11.5%,
(
), up 7.8% and
(
), up 5.5% , were all gainers within the industrial industry with
(
) being today's featured industrial industry leader.
- 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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