Reliance Steel and Aluminum ( RS) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.3%. By the end of trading, Reliance Steel and Aluminum rose $1.42 (2.1%) to $68.31 on average volume. Throughout the day, 654,414 shares of Reliance Steel and Aluminum exchanged hands as compared to its average daily volume of 504,900 shares. The stock ranged in a price between $66.62-$68.44 after having opened the day at $67.00 as compared to the previous trading day's close of $66.89. Other companies within the Industrial Goods sector that increased today were: JinkoSolar ( JKS), up 17.9%, Real Goods Solar ( RSOL), up 13.7%, NF Energy Saving ( NFEC), up 11.6% and Bonso Electronics International ( BNSO), up 9.9%.
Reliance Steel & Aluminum Co. operates as a metals service center company. Reliance Steel and Aluminum has a market cap of $5.2 billion and is part of the industrial industry. Shares are up 8.4% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Reliance Steel and Aluminum a buy, 1 analyst rates it a sell, and 3 rate it a hold. TheStreet Ratings rates Reliance Steel and Aluminum as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.