3 Stocks Pushing The Consumer Durables Industry Lower

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.

The Consumer Durables industry as a whole closed the day up 0.3% versus the S&P 500, which was down 0.2%. Laggards within the Consumer Durables industry included Entertainment Gaming Asia ( EGT), down 3.6%, Koss ( KOSS), down 10.4%, Natuzzi SPA ( NTZ), down 2.4%, Kewaunee Scientific ( KEQU), down 3.9% and Marine Products ( MPX), down 1.9%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Kewaunee Scientific ( KEQU) is one of the companies that pushed the Consumer Durables industry lower today. Kewaunee Scientific was down $0.71 (3.9%) to $17.48 on average volume. Throughout the day, 5,697 shares of Kewaunee Scientific exchanged hands as compared to its average daily volume of 5,200 shares. The stock ranged in price between $16.50-$18.20 after having opened the day at $18.11 as compared to the previous trading day's close of $18.19.

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture products. The company operates through two segments, Domestic Operations and International Operations. Kewaunee Scientific has a market cap of $48.4 million and is part of the consumer goods sector. Shares are up 16.6% year-to-date as of the close of trading on Wednesday.

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

TheStreet Ratings rates Kewaunee Scientific as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from TheStreet Ratings analysis on KEQU go as follows:

  • Compared to its closing price of one year ago, KEQU's share price has jumped by 33.67%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, KEQU should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • KEWAUNEE SCIENTIFIC CORP's earnings per share declined by 22.9% in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, KEWAUNEE SCIENTIFIC CORP increased its bottom line by earning $1.48 versus $1.17 in the prior year.
  • KEQU, with its decline in revenue, underperformed when compared the industry average of 7.7%. Since the same quarter one year prior, revenues slightly dropped by 4.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Health Care Equipment & Supplies industry and the overall market, KEWAUNEE SCIENTIFIC CORP's return on equity is below that of both the industry average and the S&P 500.

You can view the full analysis from the report here: Kewaunee Scientific Ratings Report

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

If you liked this article you might like

3 Stocks Advancing The Consumer Durables Industry

3 Stocks Pushing The Consumer Durables Industry Lower

3 Stocks Pushing The Consumer Goods Sector Lower

3 Stocks Pushing The Consumer Durables Industry Lower

3 Consumer Goods Stocks Pushing Sector Growth