Manitowoc Co Inc (MTW): Today's Featured Industrial Goods Winner

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

Manitowoc ( MTW) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole was unchanged today. By the end of trading, Manitowoc rose $0.19 (1.0%) to $19.10 on light volume. Throughout the day, 1,482,952 shares of Manitowoc exchanged hands as compared to its average daily volume of 2,789,600 shares. The stock ranged in a price between $18.72-$19.11 after having opened the day at $18.81 as compared to the previous trading day's close of $18.91. Other companies within the Industrial Goods sector that increased today were: Ecotality ( ECTY), up 19.2%, Kubota Corporation ( KUB), up 12.9%, Adept Technology ( ADEP), up 11.9% and ZBB Energy Corporation ( ZBB), up 11.2%.
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The Manitowoc Company, Inc. engages in the design, manufacture, and sale of cranes and related products, and foodservice equipment worldwide. It operates through two segments, Cranes and Related Products, and Foodservice Equipment. Manitowoc has a market cap of $2.5 billion and is part of the industrial industry. The company has a P/E ratio of 22.3, above the S&P 500 P/E ratio of 17.7. Shares are up 20.7% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Manitowoc a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Manitowoc as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins.

On the negative front, Research Frontiers ( REFR), down 7.4%, Perma-Fix Environmental Services ( PESI), down 7.1%, IntriCon Corporation ( IIN), down 6.3% and Arotech Corporation ( ARTX), down 5.1% , were all laggards within the industrial goods sector with Clean Harbors ( CLH) being today's industrial goods sector laggard.

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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