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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. Reliance Steel and Aluminum ( RS) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole was unchanged today. By the end of trading, Reliance Steel and Aluminum fell $1.42 (-1.9%) to $72.73 on average volume. Throughout the day, 589,175 shares of Reliance Steel and Aluminum exchanged hands as compared to its average daily volume of 457,100 shares. The stock ranged in price between $72.62-$73.63 after having opened the day at $72.62 as compared to the previous trading day's close of $74.15. Other companies within the Industrial industry that declined today were: Ecotality ( ECTY), down 11.0%, Exide Technologies ( XIDE), down 9.4%, China Valves Technology ( CVVT), down 8.7% and Manitex International ( MNTX), down 6.2%. Reliance Steel & Aluminum Co. operates as a metals service center company. Reliance Steel and Aluminum has a market cap of $5.7 billion and is part of the industrial goods sector. Shares are up 19.7% year to date as of the close of trading on Tuesday. Currently there are 6 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 revenue growth, attractive valuation levels, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
