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.
3D Systems Corporation (
DDD) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.7%. By the end of trading, 3D Systems Corporation rose $2.50 (4.2%) to $62 on heavy volume. Throughout the day, 6.9 million shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in a price between $56.16-$63.59 after having opened the day at $57.85 as compared to the previous trading day's close of $59.50. Other companies within the Industrial Goods sector that increased today were:
Ecotality (
ECTY), up 25.5%,
DR Horton (
DHI), up 11.8%,
Integrated Electrical Services (
IESC), up 8.5%, and
Skyline Corporation (
SKY), up 7.3%.
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3D Systems Corporation, through its subsidiaries, engages in the design, development, manufacture, marketing, and servicing of 3D printers and related products, print materials, and services. 3D Systems Corporation has a market cap of $3.94 billion and is part of the industrial industry. The company has a P/E ratio of 101.6, above the S&P 500 P/E ratio of 17.7. Shares are up 29.5% year to date as of the close of trading on Monday. Currently there are four analysts that rate 3D Systems Corporation a buy, no analysts rate it a sell, and two rate it a hold.
TheStreet Ratings rates 3D Systems Corporation as a
buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
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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