The industrial industry closed the day down 3.6%. NF Energy Saving ( NFEC), Hydrogenics Corporation ( HYGS), China Ming Yang Wind Power Group ( MY), and Material Sciences Corporation ( MASC) were all winners today within the industrial industry with Harbin Electric Inc ( HRBN) being today's featured industrial winner. Harbin Electric Inc rose 35 cents (1.6%) to $22.44 on average volume. Throughout the day, 1.5 million shares of Harbin Electric Inc exchanged hands as compared to its average daily volume of 1.8 million shares. Harbin Electric, Inc., through its subsidiaries, engages in the design, development, manufacture, supply, and service of electric motors in the People's Republic of China and internationally. Harbin Electric Inc has a market cap of $692.5 million and is part of the industrial goods sector. The company has a P/E ratio of 11.8, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 27% year to date as of the close of trading on Friday. TheStreet Ratings rates Harbin Electric as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Harbin Electric (Nasdaq:HRBN) hit a new 52-week high Monday as it is currently trading at $23.62, above its previous 52-week high of $23.20 with 539,265 shares traded as of 9:55 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.