Joy Global Inc. (JOY): 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.

Joy Global ( JOY) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Joy Global fell $0.74 (-1.3%) to $55.49 on average volume. Throughout the day, 1,385,922 shares of Joy Global exchanged hands as compared to its average daily volume of 1,644,600 shares. The stock ranged in price between $54.95-$56.54 after having opened the day at $56.48 as compared to the previous trading day's close of $56.23. Other companies within the Industrial industry that declined today were: China BAK Battery ( CBAK), down 15.8%, ZBB Energy Corporation ( ZBB), down 9.6%, Continental Materials Corporation ( CUO), down 8.0% and Allegheny Technologies ( ATI), down 5.8%.

Joy Global Inc. manufactures and services mining equipment for the extraction of coal, copper, iron ore, oil sands, gold, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $5.7 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 17.7. Shares are down 3.9% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Joy Global a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Joy Global as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and poor profit margins.

On the positive front, China Ming Yang Wind Power Group ( MY), up 9.6%, Bonso Electronics International ( BNSO), up 8.2%, Fuelcell Energy ( FCEL), up 7.1% and LGL Group ( LGL), up 5.7% , were all gainers within the industrial industry with Tenaris ( TS) 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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