STRI, SYPR, and XNY Boosted Consumer Goods Sector at Dow Jones
Published By : 13 Aug 2015 | Published By : QYRESEARCH
The Dow Jones Industrial Average (^DJI) traded down 0.33 points at 17, 403 on Wednesday, Aug. 12, 2015. Whereas, the declines/advances ratio of NYSE sits at 1,536 issues declining vs. 1,537 issues advancing and 108 issues showing no change.
The consumer goods industry closed at a decline of 0.5% compared to that of S&P 500, which saw a rise of 0.1%. Within the Consumer Goods sector, STR Holdings (STRI), Sypris Solutions (SYPR), and China Xiniya Fashion (XNY) were reported as the top gainers, where STRI posted 26.1% rise, SYPR was up 13.8%, and XNY grew 1.6%.
Leading Brands Inc. (LBIX) and Bridgford Foods (BRID) were also among the top gainers with a rise of 2.6% and 8.3% respectively. Sypris Solutions is one of the leading firms that drove the consumer goods sector at soaring heights today. The firm reported a rise of US$0.15 and reached US$1.24 per share on heavy volume.
During the day, Sypris Solutions witnessed an exchange of 139,155 shares comparing to its average volume of 23,900 shares on a daily basis. The stock price ranged in between US$0.96-US$1.40 after opening at US$1.00 on Wednesday comparing to the closure in the previous day’s trading at US$1.09.
Several financial firms given Sypris Solutions a ‘sell’ rating. The declining net income, weak operating cash flow, deteriorating return on equity, disappointing historical performance of the stock itself, and weak growth in its earnings per share are the key reasons of the downfall of this stock, according to analysts.