3 Stocks Pushing The Consumer Non-Durables Industry Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.2%) at 13,146 as of Friday, Dec. 14, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,517 declining with 152 unchanged.

The Consumer Non-Durables industry currently sits down 0.2% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was Coach ( COH), up 1.1%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Quiksilver ( ZQK) is one of the companies pushing the Consumer Non-Durables industry lower today. As of noon trading, Quiksilver is down $0.63 (-15.5%) to $3.44 on heavy volume Thus far, 1.8 million shares of Quiksilver exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $3.32-$3.57 after having opened the day at $3.36 as compared to the previous trading day's close of $4.07.

Quiksilver, Inc. designs, develops, produces, and distributes apparel, footwear, accessories, and related products. Quiksilver has a market cap of $665.4 million and is part of the consumer goods sector. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7. Shares are up 12.7% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Quiksilver a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Quiksilver as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Quiksilver Ratings Report now.

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