Manitowoc Co Inc (MTW): Today's Featured Industrial Laggard
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
Manitowoc ( MTW) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Manitowoc fell $0.19 (-1.0%) to $18.47 on average volume. Throughout the day, 2,501,396 shares of Manitowoc exchanged hands as compared to its average daily volume of 2,891,200 shares. The stock ranged in price between $18.30-$18.95 after having opened the day at $18.71 as compared to the previous trading day's close of $18.66. Other companies within the Industrial industry that declined today were: Hydrogenics Corporation ( HYGS), down 5.3%, ZBB Energy Corporation ( ZBB), down 5.2%, P & F Industries ( PFIN), down 5.2% and Euro Tech Holdings Company ( CLWT), down 4.7%.
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The Manitowoc Company, Inc. engages in the design, manufacture, and sale of cranes and related products, and foodservice equipment worldwide. It operates through two segments, Cranes and Related Products, and Foodservice Equipment. Manitowoc has a market cap of $2.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 24.5, above the S&P 500 P/E ratio of 17.7. Shares are up 19.0% year to date as of the close of trading on Friday.
TheStreet Ratings rates Manitowoc as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Manitowoc Ratings Report .
On the positive front, China Recycling Energy Corporation ( CREG), down 21.1%, Broadwind Energy ( BWEN), down 13.5%, Ecotality ( ECTY), down 7.5% and Intellicheck Mobilisa ( IDN), down 6.5% , were all gainers within the industrial industry with Deere ( DE) being today's featured industrial industry leader.
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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).