Macquarie Infrastructure Company (MIC): Today's Featured Wholesale Loser

The wholesale industry closed the day down 0.2%. Chindex International Inc ( CHDX), China Armco Metals Inc ( CNAM), Brightpoint Inc ( CELL), and United Stationers Inc ( USTR) were all decliners today within the wholesale industry with Macquarie Infrastructure Company ( MIC) being today's featured wholesale loser. Macquarie Infrastructure Company fell 13 cents (-0.5%) to $25.89 on light volume. Throughout the day, 70,313 shares of Macquarie Infrastructure Company exchanged hands as compared to its average daily volume of 280,100 shares.

Macquarie Infrastructure Company LLC invests, owns, and operates in a diversified group of infrastructure businesses in the United States. Its businesses comprise the energy-related businesses and an aviation-related business. Macquarie Infrastructure Company has a market cap of $1.2 billion and is part of the services sector. The company has a P/E ratio of 52.8, above the average wholesale industry P/E ratio of 52.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 22.9% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Macquarie Infrastructure as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and generally poor debt management.

On the positive front, Shengkai Innovations Inc ( VALV), SinoHub Inc ( SIHI), Midas Inc ( MDS), and Chefs Warehouse Holdings ( CHEF) were all gainers within the wholesale industry with Medco Health Solutions Inc ( MHS) being today's featured wholesale industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the wholesale industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

null

More from Markets

Global Stocks Ease as Investors Focus on Dollar, Oil, Italy After US-China Truce

Global Stocks Ease as Investors Focus on Dollar, Oil, Italy After US-China Truce

Replay: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Replay: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again