VeriFone Systems ( PAY) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables loser. The industry as a whole closed the day down 0.6%. By the end of trading, VeriFone Systems fell $6.80 (-12.5%) to $47.64 on heavy volume. Throughout the day, 12.4 million shares of VeriFone Systems exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $46.70-$51.34 after having opened the day at $51.34 as compared to the previous trading day's close of $54.44. Other company's within the Consumer Durables industry that declined today were: Cybex International ( CYBI), down 6.8%, Global-Tech Advanced Innovations ( GAI), down 6.7%, American Woodmark Corporation ( AMWD), down 4.7%, and LSI Industries ( LYTS), down 4.6%. Verifone Systems, Inc. designs, markets, and services electronic payment solutions in North America and internationally. VeriFone Systems has a market cap of $5.75 billion and is part of the consumer goods sector. Currently there are six analysts that rate VeriFone Systems a buy, no analysts rate it a sell, and four rate it a hold. TheStreet Ratings rates VeriFone Systems as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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