The industrial goods sector closed the day up 0.2%. American Mold Guard Incorporated ( AMGI), China BAK Battery Inc ( CBAK), Real Goods Solar Inc ( RSOL), and Tri-Tech Holding Inc ( TRIT) were all winners today within the industrial goods sector with Cummins Inc ( CMI) being today's featured industrial goods winner. Cummins Inc rose $1.35 (1.5%) to $91.84 on light volume. Throughout the day, 2.8 million shares of Cummins Inc exchanged hands as compared to its average daily volume of 4.3 million shares. Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric power generation systems, and engine-related component products worldwide. It operates in four segments: Engine, Power Generation, Components, and Distribution. Cummins Inc has a market cap of $18.3 billion and is part of the industrial industry. The company has a P/E ratio of 12.3, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 14.8% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Cummins as a buy. 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, notable return on equity, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins.
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