Harman International Industries Inc. (HAR): Today's Featured Consumer Goods 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.

Harman International Industries ( HAR) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Harman International Industries fell $1.09 (-1.1%) to $101.84 on average volume. Throughout the day, 693,358 shares of Harman International Industries exchanged hands as compared to its average daily volume of 774,600 shares. The stock ranged in price between $100.27-$103.60 after having opened the day at $102.96 as compared to the previous trading day's close of $102.93. Other companies within the Consumer Goods sector that declined today were: Elecsys Corporation ( ESYS), down 5.7%, Castle Brands Incorporated ( ROX), down 5.2%, American Lorain ( ALN), down 5.1% and RiceBran Technologies ( RIBT), down 4.8%.

Harman International Industries, Incorporated designs, develops, manufactures, and markets audio products, lighting solutions, and electronic systems, as well as digitally integrated audio and infotainment systems for the automotive industry worldwide. Harman International Industries has a market cap of $7.0 billion and is part of the consumer durables industry. Shares are up 25.8% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Harman International Industries a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Harman International Industries 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, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Motorcar Parts of America ( MPAA), up 14.7%, Crystal Rock Holdings ( CRVP), up 9.8%, S&W Seed Company ( SANW), up 9.2% and SodaStream International ( SODA), up 7.7% , were all gainers within the consumer goods sector with Tyson Foods ( TSN) being today's featured consumer goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).

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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