The industrial industry closed the day up 0.8%. Ener1 Inc ( HEV), Magnetek ( MAG), Arotech Corporation ( ARTX), and Highway Holdings ( HIHO) were all decliners today within the industrial industry with ABB ( ABB) being today's featured industrial loser. ABB fell 10 cents (-0.5%) to $18.80 on light volume. Throughout the day, 2.3 million shares of ABB exchanged hands as compared to its average daily volume of 4.3 million shares. ABB Ltd. provides power and automation technologies for utility and industrial customers worldwide. The company's Power Products division manufactures and sells high- and medium-voltage switchgear and apparatus, circuit breakers, power and distribution transformers, and sensors. ABB has a market cap of $40.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 15.9, above the average industrial industry P/E ratio of 13.4 and below the S&P 500 P/E ratio of 17.7. Shares are down 21.4% year to date as of the close of trading on Monday. TheStreet Ratings rates ABB as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins.
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