Harman International Industries Inc. (HAR): Today's Featured Consumer Durables Winner

Harman International Industries ( HAR) pushed the Consumer Durables industry higher today making it today's featured consumer durables winner. The industry as a whole was unchanged today. By the end of trading, Harman International Industries rose $3.17 (7.5%) to $45.68 on heavy volume. Throughout the day, 1.9 million shares of Harman International Industries exchanged hands as compared to its average daily volume of one million shares. The stock ranged in a price between $42-$46.03 after having opened the day at $43.14 as compared to the previous trading day's close of $42.51. Other companies within the Consumer Durables industry that increased today were: Nautilus Group ( NLS), up 5.2%, Appliance Recycling Centers ( ARCI), up 4.6%, Sturm Ruger & Company ( RGR), up 3.3%, and Callaway Golf Company ( ELY), up 3.2%.

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 has a market cap of $2.97 billion and is part of the consumer goods sector. The company has a P/E ratio of 10.2, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 10.9% year to date as of the close of trading on Thursday. Currently there are two analysts that rate Harman International Industries a buy, one analyst rates it a sell, and one rates it a hold.

TheStreet Ratings rates Harman International Industries 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, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Mad Catz Interactive ( MCZ), down 3.8%, Entertainment Gaming Asia ( EGT), down 3.3%, LSI Industries ( LYTS), down 3.2%, and Global-Tech Advanced Innovations ( GAI), down 3.2%, were all laggards within the consumer durables industry with Newell Rubbermaid ( NWL) being today's consumer durables industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer durables industry could consider Consumer Discretionary Sel Sec SPDR ( XLY) while those bearish on the consumer durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).
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