Fushi Copperweld Inc. (FSIN): Today's Featured Industrial Goods Loser

The industrial goods sector closed the day up 3.3%. American Mold Guard Incorporated ( AMGI), Skyline Corporation ( SKY), Euro Tech Holdings Company ( CLWT), and SmartHeat Inc ( HEAT) were all decliners today within the industrial goods sector with Fushi Copperweld Inc ( FSIN) being today's featured industrial goods loser. Fushi Copperweld Inc fell 9 cents (-1.5%) to $5.99 on average volume. Throughout the day, 242,794 shares of Fushi Copperweld Inc exchanged hands as compared to its average daily volume of 291,900 shares.

Fushi Copperweld, Inc., through its subsidiaries, develops, designs, manufactures, markets, and distributes bimetallic wire products, principally copper-clad aluminum (CCA) and copper-clad steel (CCS). Fushi Copperweld Inc has a market cap of $226.6 million and is part of the industrial industry. The company has a P/E ratio of 8.2, above the average industrial industry P/E ratio of eight and below the S&P 500 P/E ratio of 17.7. Shares are down 30.4% year to date as of the close of trading on Friday.

TheStreet Ratings rates Fushi Copperweld as a hold. 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 and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

On the positive front, Magnetek ( MAG), TRC Companies Inc ( TRR), CVD Equipment Corporation ( CVV), and Sterling Construction Company Inc ( STRL) were all gainers within the industrial goods sector with Caterpillar Inc ( CAT) being today's featured industrial goods sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

null

More from Markets

Dow Tumbles as Trump Calls Off North Korea Summit

Dow Tumbles as Trump Calls Off North Korea Summit

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Stocks Could Easily Crater Into Memorial Day Weekend

Stocks Could Easily Crater Into Memorial Day Weekend

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Celgene Shares Rise on Plans to Increase Stock Buybacks

Celgene Shares Rise on Plans to Increase Stock Buybacks