Ametek Inc. (AME): Today's Featured Electronics 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

Ametek ( AME) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Ametek fell $0.86 (-2.0%) to $41.90 on heavy volume. Throughout the day, 1,892,369 shares of Ametek exchanged hands as compared to its average daily volume of 1,006,700 shares. The stock ranged in price between $41.68-$43.21 after having opened the day at $43.21 as compared to the previous trading day's close of $42.76. Other companies within the Electronics industry that declined today were: Pixelworks ( PXLW), down 13.2%, Aetrium Incorporated ( ATRM), down 10.5%, Revolution Lighting Technologies ( RVLT), down 8.7% and Plug Power ( PLUG), down 6.1%.
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AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group and Electromechanical Group. Ametek has a market cap of $10.4 billion and is part of the technology sector. The company has a P/E ratio of 22.0, above the S&P 500 P/E ratio of 17.7. Shares are up 13.8% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Ametek a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Daqo New Energy ( DQ), down 17.4%, Yingli Green Energy Holding Company ( YGE), down 13.2%, Sevcon ( SEV), down 10.4% and Canadian Solar ( CSIQ), down 7.7% , were all gainers within the electronics industry with Broadcom Corporation ( BRCM) being today's featured electronics industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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