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 up 0.4%. By the end of trading, VeriFone Systems fell $0.29 (-1.0%) to $28.36 on light volume. Throughout the day, 1,384,679 shares of VeriFone Systems exchanged hands as compared to its average daily volume of 2,042,100 shares. The stock ranged in price between $27.83-$28.73 after having opened the day at $28.56 as compared to the previous trading day's close of $28.65. Other companies within the Consumer Durables industry that declined today were: Kid Brands ( KID), down 5.8%, Nova Lifestyle ( NVFY), down 5.4%, Tempur Sealy International ( TPX), down 5.2% and Gaming Partners International Corporation ( GPIC), down 3.8%.

VeriFone Systems, Inc. designs, markets, and services electronic payment solutions at the point of sale (POS) worldwide. VeriFone Systems has a market cap of $3.1 billion and is part of the consumer goods sector. Shares are up 6.8% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate VeriFone Systems a buy, 1 analyst rates it a sell, and 3 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 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 deteriorating net income, disappointing return on equity and weak operating cash flow.

On the positive front, Flexsteel Industries ( FLXS), up 6.3%, Virco Manufacturing Corporation ( VIRC), up 5.4%, EveryWare Global ( EVRY), up 4.5% and Entertainment Gaming Asia ( EGT), up 4.0%.

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).

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