Consumer Durables Industry Underperformer Of The Day: Harman International Industries Inc. (HAR)

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.

Harman International Industries ( HAR) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Harman International Industries fell 63 cents (-1.5%) to $42.07 on light volume. Throughout the day, 628,332 shares of Harman International Industries exchanged hands as compared to its average daily volume of 879,600 shares. The stock ranged in price between $41.76-$42.34 after having opened the day at $42.07 as compared to the previous trading day's close of $42.70. Other companies within the Consumer Durables industry that declined today were: Chromcraft Revington ( CRC), down 6.9%, Universal Electronics ( UEIC), down 4.3%, Panasonic Corporation ( PC), down 4%, and Furniture Brands International ( FBN), down 3.5%.
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Harman International Industries, Incorporated designs, develops, manufactures, and markets audio products and electronic systems worldwide. Its Infotainment segment offers infotainment systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers. Harman International Industries has a market cap of $2.87 billion and is part of the consumer goods sector. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7. Shares are down 4.3% year to date as of the close of trading on Thursday. Currently there are three 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 largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Black Diamond ( BDE), up 3.3%, Hooker Furniture Corporation ( HOFT), up 2.9%, SGOCO Group ( SGOC), up 2.3%, and Acme United Corporation ( ACU), up 2%, were all gainers within the consumer durables industry with Whirlpool Corporation ( WHR) being today's featured consumer durables industry leader.

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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