The computer hardware industry closed the day down 2.8%. Socket Mobile Inc ( SCKT) and Performance Technologies Inc ( PTIX) were all winners today within the computer hardware industry with Xyratex ( XRTX) being today's featured computer hardware winner. Xyratex rose 10 cents (0.8%) to $12.76 on heavy volume. Throughout the day, 816,955 shares of Xyratex exchanged hands as compared to its average daily volume of 358,400 shares. Xyratex Ltd provides modular enterprise-class data storage solutions and storage process technology. The company designs, develops, and manufactures enabling technology that supports storage and data communication networks. Xyratex has a market cap of $341.3 million and is part of the technology sector. The company has a P/E ratio of nine, below the average computer hardware industry P/E ratio of 9.1 and below the S&P 500 P/E ratio of 17.7. Shares are down 22.4% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Xyratex as a hold. The company's strengths can be seen in multiple areas, such as its 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.
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