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Joy Global Inc. (JOY): Today's Featured Industrial Laggard

Tickers in this article: JOY

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Joy Global ( JOY) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Joy Global fell $0.67 (-1.2%) to $56.52 on light volume. Throughout the day, 1,470,048 shares of Joy Global exchanged hands as compared to its average daily volume of 2,402,200 shares. The stock ranged in price between $55.70-$57.07 after having opened the day at $57.07 as compared to the previous trading day's close of $57.19. Other companies within the Industrial industry that declined today were: CNH Global ( CNH), down 9.3%, Cummins ( CMI), down 6.1%, China Recycling Energy Corporation ( CREG), down 5.4% and JinkoSolar ( JKS), down 5.1%.

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Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $6.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 43.1, above the S&P 500 P/E ratio of 17.7. Shares are down 11.3% year to date as of the close of trading on Monday.

TheStreet Ratings rates Joy Global as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself.

On the positive front, Chart Industries ( GTLS), down 9.4%, 3D Systems Corporation ( DDD), down 6.9%, Stratasys ( SSYS), down 5.1% and LGL Group ( LGL), down 4.8% , were all gainers within the industrial industry with Eaton Corporation ( ETN) being today's featured industrial industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).