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 lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.7%. By the end of trading, Manitowoc fell $0.56 (-2.9%) to $18.78 on average volume. Throughout the day, 3,145,627 shares of Manitowoc exchanged hands as compared to its average daily volume of 2,580,800 shares. The stock ranged in price between $18.50-$19.10 after having opened the day at $18.66 as compared to the previous trading day's close of $19.34. Other companies within the Industrial Goods sector that declined today were:
Continental Materials Corporation (
CUO), down 18.7%,
China Valves Technology (
CVVT), down 12.5%,
Intellicheck Mobilisa (
IDN), down 12.2% and
Terex (
TEX), down 7.7%.
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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 $2.6 billion and is part of the industrial industry. The company has a P/E ratio of 22.9, above the S&P 500 P/E ratio of 17.7. Shares are up 23.3% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Manitowoc a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Manitowoc as a
buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
On the positive front,
Frontline (
FRO), down 27.8%,
China BAK Battery (
CBAK), down 11.5%,
Arotech Corporation (
ARTX), down 10.7% and
Highpower International (
HPJ), down 9.8% , were all gainers within the industrial goods sector with
Danaher Corporation (
DHR) being today's featured industrial goods sector leader.
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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