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 0.2%. By the end of trading, VeriFone Systems fell $0.46 (-1.6%) to $28.95 on light volume. Throughout the day, 1,106,250 shares of VeriFone Systems exchanged hands as compared to its average daily volume of 1,928,800 shares. The stock ranged in price between $28.65-$29.75 after having opened the day at $29.42 as compared to the previous trading day's close of $29.41. Other companies within the Consumer Durables industry that declined today were: iRobot Corporation ( IRBT), down 5.8%, Fossil Group ( FOSL), down 2.1% and Koss Corporation ( KOSS), down 2.0%.

VeriFone Systems, Inc. designs, markets, and services electronic payment solutions at the point of sale (POS) worldwide. VeriFone Systems has a market cap of $3.2 billion and is part of the consumer goods sector. Shares are up 9.7% 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, Entertainment Gaming Asia ( EGT), up 6.5%, Gaming Partners International Corporation ( GPIC), up 3.0%, Manchester United ( MANU), up 2.8% and Norcraft Companies ( NCFT), up 2.4% , were all gainers within the consumer durables industry with Tempur Sealy International ( TPX) being today's featured consumer durables industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Video: The S&P 500 Is Failing to Make New Highs

Video: The S&P 500 Is Failing to Make New Highs

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists