VeriFone Systems Inc. (PAY): Today's Featured Consumer Durables Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

VeriFone Systems ( PAY) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day down 0.3%. By the end of trading, VeriFone Systems fell $0.22 (-1.1%) to $19.62 on light volume. Throughout the day, 1,552,960 shares of VeriFone Systems exchanged hands as compared to its average daily volume of 3,042,800 shares. The stock ranged in price between $19.51-$20.02 after having opened the day at $19.74 as compared to the previous trading day's close of $19.84. Other companies within the Consumer Durables industry that declined today were: Furniture Brands International ( FBN), down 17.7%, Global-Tech Advanced Innovations ( GAI), down 6.9%, Flexsteel Industries ( FLXS), down 4.4% and Harbinger Group ( HRG), down 3.2%.

VeriFone Systems, Inc. designs, markets, and services electronic payment solutions worldwide. VeriFone Systems has a market cap of $2.2 billion and is part of the consumer goods sector. Shares are down 33.2% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate VeriFone Systems a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates VeriFone Systems as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

On the positive front, SGOCO Group ( SGOC), up 7.5%, Appliance Recycling Centers Of America ( ARCI), up 5.6%, Entertainment Gaming Asia ( EGT), up 3.3% and Kid Brands ( KID), up 2.8% , were all gainers within the consumer durables industry with Sensata Technologies Holding N.V ( ST) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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