Ametek Inc. (AME): Today's Featured Industrial Goods Loser

Ametek ( AME) 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, Ametek fell $1.31 (-2.6%) to $48.04 on heavy volume. Throughout the day, 1.5 million shares of Ametek exchanged hands as compared to its average daily volume of 812,100 shares. The stock ranged in price between $47.38-$48.95 after having opened the day at $48.81 as compared to the previous trading day's close of $49.35. Other company's within the Industrial Goods sector that declined today were: A123 Systems ( AONE), down 12.9%, China Ming Yang Wind Power Group ( MY), down 12.9%, UQM Technologies ( UQM), down 11.4%, and Highway Holdings ( HIHO), down 11.2%.

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group and Electromechanical Group. Ametek has a market cap of $7.95 billion and is part of the industrial industry. The company has a P/E ratio of 19.9, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 17.5% year to date as of the close of trading on Wednesday. Currently there are eight analysts that rate Ametek a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Presstek ( PRST), up 15.2%, Valence Technology ( VLNC), up 11.4%, Flow International Corporation ( FLOW), up 7.9%, and Intellicheck Mobilisa ( IDN), up 7.9%, were all gainers within the industrial goods sector with Joy Global ( JOY) being today's featured industrial goods sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

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