VeriFone Systems

(

PAY

) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day down 0.3%. By the end of trading, VeriFone Systems fell 87 cents (-2.3%) to $36.29 on light volume. Throughout the day, 1.7 million shares of VeriFone Systems exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in price between $35.92-$37.71 after having opened the day at $37.03 as compared to the previous trading day's close of $37.16. Other company's within the Consumer Durables industry that declined today were:

Global-Tech Advanced Innovations

(

GAI

), down 5.5%,

Leapfrog

(

LF

), down 5%,

Movado Group

(

MOV

), down 4.6%, and

American Woodmark Corporation

(

AMWD

), down 4.4%.

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Verifone Systems, Inc. designs, markets, and services electronic payment solutions in North America and internationally. VeriFone Systems has a market cap of $4.08 billion and is part of the

consumer goods

sector. The company has a P/E ratio of 16.4, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 4.6% year to date as of the close of trading on Monday. Currently there are nine analysts that rate VeriFone Systems a buy, one analyst rates it a sell, and three rate it a hold.

TheStreet Ratings rates VeriFone Systems as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and generally poor debt management.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer durables industry could consider

Consumer Discretionary Sel Sec SPDR

(

XLY

) while those bearish on the consumer durables industry could consider

ProShares Ultra Sht Consumer Goods

(

SZK

).

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