ABB ( ABB) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole was unchanged today. By the end of trading, ABB fell 10 cents (-0.5%) to $18.68 on light volume. Throughout the day, 1.7 million shares of ABB exchanged hands as compared to its average daily volume of 3.8 million shares. The stock ranged in price between $18.31-$18.81 after having opened the day at $18.68 as compared to the previous trading day's close of $18.78. Other company's within the Industrial Goods sector that declined today were: Wowjoint Holdings ( BWOW), down 12.8%, Euro Tech Holdings Company ( CLWT), down 9.9%, TRC Companies Inc ( TRR), down 7.5%, and Aerosonic Corporation ( AIM), down 6.8%. ABB Ltd. provides power and automation technologies for utility and industrial customers worldwide. The company's Power Products division manufactures and sells high- and medium-voltage switchgear and apparatus, circuit breakers, power and distribution transformers, and sensors. ABB has a market cap of $43.6 billion and is part of the industrial industry. The company has a P/E ratio of 17.1, above the average industrial industry P/E ratio of 14.4 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 Friday. TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.
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