The automotive industry closed the day down 0.9%. Cycle Country Accessories Corporation ( ATC), Supreme Industries Inc ( STS), Magna International Inc ( MGA), and Accuride ( ACW) were all decliners today within the automotive industry with Lear Corporation ( LEA) being today's featured automotive loser. Lear Corporation fell 74 cents (-1.6%) to $47 on light volume. Throughout the day, 658,785 shares of Lear Corporation exchanged hands as compared to its average daily volume of 1.3 million shares. Lear Corporation designs, manufactures, assembles, and supplies automotive seat systems, electrical distribution systems, and related components. The company operates in two segments, Seating and Electrical Power Management Systems (EPMS). Lear Corporation has a market cap of $4.9 billion and is part of the consumer goods sector. The company has a P/E ratio of 9.4, equal to the average automotive industry P/E ratio 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 Wednesday. TheStreet Ratings rates Lear as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins.
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