The industrial industry closed the day down 3.6%. Energy Focus Inc ( EFOI), China Development Group Corporation ( CTDC), Broadwind Energy Inc ( BWEN), and Omega Flex Inc ( OFLX) were all decliners today within the industrial industry with ABB ( ABB) being today's featured industrial loser. ABB fell 50 cents (-2.6%) to $18.98 on light volume. Throughout the day, 2.8 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 $44 billion and is part of the industrial goods sector. The company has a P/E ratio of 17.3, above the average industrial industry P/E ratio of 14.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 14.3% year to date as of the close of trading on Friday. 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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