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.Ametek ( AME) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 1.6%. By the end of trading, Ametek rose $0.62 (1.2%) to $50.32 on heavy volume. Throughout the day, 1,607,096 shares of Ametek exchanged hands as compared to its average daily volume of 891,100 shares. The stock ranged in a price between $49.50-$50.60 after having opened the day at $49.58 as compared to the previous trading day's close of $49.70. Other companies within the Electronics industry that increased today were: Aetrium Incorporated ( ATRM), up 13.0%, China BAK Battery ( CBAK), up 4.1%, Rambus ( RMBS), up 3.8% and Plug Power ( PLUG), up 3.5%.
AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group (EIG) and Electromechanical Group (EMG). Ametek has a market cap of $12.5 billion and is part of the industrial goods sector. Shares are down 5.6% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Ametek a buy, no analysts rate it a sell, and 3 rate it a hold. TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.