Chart Industries Inc. (GTLS): Today's Featured Industrial Laggard

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.

Chart Industries ( GTLS) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Chart Industries fell $1.22 (-1.5%) to $80.58 on heavy volume. Throughout the day, 563,530 shares of Chart Industries exchanged hands as compared to its average daily volume of 361,500 shares. The stock ranged in price between $78.44-$81.60 after having opened the day at $80.55 as compared to the previous trading day's close of $81.80. Other companies within the Industrial industry that declined today were: Skullcandy ( SKUL), down 22.5%, Tecumseh Products Company ( TECUA), down 13%, Energy Recovery ( ERII), down 9.6%, and Tecumseh Products Company ( TECUB), down 8.9%.
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Chart Industries, Inc. manufactures and supplies engineered equipment used in the production, storage, and end-use of hydrocarbon and industrial gases in the United States, the Czech Republic, China, and internationally. Chart Industries has a market cap of $2.45 billion and is part of the industrial goods sector. The company has a P/E ratio of 34.5, above the S&P 500 P/E ratio of 17.7. Shares are up 22% year to date as of the close of trading on Thursday. Currently there are nine analysts that rate Chart Industries a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Chart 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Coleman Cable ( CCIX), up 11.6%, Ultralife Batteries ( ULBI), up 7.5%, Global Power Equipment Group ( GLPW), up 7.4%, and Ecotality ( ECTY), up 6.2%, were all gainers within the industrial industry with Deere ( DE) being today's featured industrial industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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