Harman International Industries Inc ( HAR) pushed the Consumer Durables industry higher today making it today's featured consumer durables winner. The industry as a whole closed the day up 0.4%. By the end of trading, Harman International Industries Inc rose 49 cents (1.2%) to $41.38 on light volume. Throughout the day, 558,986 shares of Harman International Industries Inc exchanged hands as compared to its average daily volume of 961,000 shares. The stock ranged in a price between $41-$41.75 after having opened the day at $41.44 as compared to the previous trading day's close of $40.89. Other companies within the Consumer Durables industry that increased today were: Champion Industries ( CHMP), up 8.1%, LJ International Inc ( JADE), up 6.8%, Gaming Partners International Corporation ( GPIC), up 4.7%, and Movado Group Inc ( MOV), up 4.5%. Harman International Industries, Incorporated engages in the development, manufacture, and marketing of audio products and electronic systems primarily in the United States, Germany, and other parts of Europe. Harman International Industries Inc has a market cap of $2.9 billion and is part of the consumer goods sector. The company has a P/E ratio of 18.9, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 11.7% year to date as of the close of trading on Thursday. TheStreet Ratings rates Harman International 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, impressive record of earnings per share growth, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
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