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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. ABB ( ABB) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.7%. By the end of trading, ABB fell $0.29 (-1.3%) to $21.61 on heavy volume. Throughout the day, 2,242,390 shares of ABB exchanged hands as compared to its average daily volume of 1,423,000 shares. The stock ranged in price between $21.50-$21.66 after having opened the day at $21.51 as compared to the previous trading day's close of $21.90. Other companies within the Industrial industry that declined today were: CVD Equipment Corporation ( CVV), down 14.8%, China Ming Yang Wind Power Group ( MY), down 6.5%, P & F Industries ( PFIN), down 6.4% and Intellicheck Mobilisa ( IDN), down 5.1%. ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $51.7 billion and is part of the industrial goods sector. Shares are up 8.3% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate ABB a buy, 1 analyst rates it a sell, and 1 rates it a hold. TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
