ABB Ltd. (ABB): Today's Featured Industrial 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.

ABB ( ABB) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.2%. By the end of trading, ABB fell $0.26 (-1.1%) to $24.61 on average volume. Throughout the day, 1,140,451 shares of ABB exchanged hands as compared to its average daily volume of 1,292,400 shares. The stock ranged in price between $24.48-$24.70 after having opened the day at $24.65 as compared to the previous trading day's close of $24.87. Other companies within the Industrial industry that declined today were: ZBB Energy Corporation ( ZBB), down 6.8%, Highpower International ( HPJ), down 6.5%, Clean Diesel Technologies ( CDTI), down 5.6% and Sifco Industries ( SIF), down 4.7%.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $57.7 billion and is part of the industrial goods sector. The company has a P/E ratio of 21.3, above the S&P 500 P/E ratio of 17.7. Shares are up 20.8% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate ABB a buy, no analysts rate 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 stock price during the past year, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, ARC Group Worldwide ( ARCW), up 7.8%, Handy & Harman ( HNH), up 6.5%, Ballard Power Systems ( BLDP), up 6.5% and Marine Products Corporation ( MPX), up 6.0% , were all gainers within the industrial industry with Ingersoll-Rand ( IR) being today's featured industrial industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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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