ITT Corporation (ITT): Today's Featured Industrial Loser

The industrial industry closed the day down 0.3%. Baldwin Technology Company Inc ( BLD), Clean Diesel Technologies Inc ( CDTI), UQM Technologies Inc ( UQM), and Ingersoll-Rand ( IR) were all decliners today within the industrial industry with ITT Corporation ( ITT) being today's featured industrial loser. ITT Corporation fell 45 cents (-1%) to $43.70 on average volume. Throughout the day, 1.8 million shares of ITT Corporation exchanged hands as compared to its average daily volume of 1.9 million shares.

ITT Corporation designs, manufactures, and sells a range of engineered products, and provides related services worldwide. ITT Corporation has a market cap of $8.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 14.5, above the average industrial industry P/E ratio of 11.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 15.3% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates ITT as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity.

On the positive front, China BAK Battery Inc ( CBAK), Plug Power Inc ( PLUGD), Plug Power Inc ( PLUG), and Wowjoint Holdings ( BWOW) were all gainers within the industrial industry with General Electric ( GE) being today's featured industrial industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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