The electronics industry closed the day down 5.2%. Meade Instruments Corporation ( MEAD), Eltek ( ELTK), Elster Group SE ADR ( ELT), and Micronetics Inc ( NOIZ) were all winners today within the electronics industry with SL Industries Inc ( SLI) being today's featured electronics winner. SL Industries Inc rose 18 cents (1.1%) to $17.05 on average volume. Throughout the day, 12,723 shares of SL Industries Inc exchanged hands as compared to its average daily volume of 13,600 shares. SL Industries, Inc., through its subsidiaries, designs, manufactures, and markets power electronics, motion control, power protection, power quality electromagnetic, and specialized communication equipment in the United States and internationally. SL Industries Inc has a market cap of $79.5 million and is part of the technology sector. The company has a P/E ratio of 6.5, below the average electronics industry P/E ratio of 9.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 3.6% year to date as of the close of trading on Friday. TheStreet Ratings rates SL as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.
Shares of SL Industries (AMEX:SLI) have taken a tremendous swing upward. The stock is trading at $26.13 as of 9:30 a.m. ET, 21% above Friday's closing price of $21.60. Volume is at 10,200, 2.5 times the daily average of 4,000.