The recent sluggishness in economic growth could mean a lot of pent-up demand for industrial goods, something that would likely be boon for small-cap industrial stocks. Equities.com's Small-Cap Stars, our proprietary list of small-cap companies with characteristics we consider the most indicative of future success, includes more than two dozen small-cap industrial goods companies that should be well positioned to make major gains.
Here are today's top-performing industrial goods Small-Cap Stars as of noon on the east coast:
Unifi Inc. (UFI)
Unifi Inc. gained 7.06% to $29.25 in morning trading today. Volume reached 51,144 by noon. The stock's average daily volume is 66,292 shares. Unifi Inc. has a 52-week high of $29.78 and a 52-week low of $20.76, its P/E ratio is 17.8, and its 50-day SMA and 200-day SMA are $25.77 and $24.72 respectively.
Unifi, Inc. is a diversified producer and processor of multi-filament polyester and nylon yarns, with production facilities located in the Americas.
Layne Christensen Company (LAYN)
Layne Christensen Company gained 4.8% to $11.35 in morning trading today. Volume reached 90,824 by noon. The stock's average daily volume is 278,895 shares. Layne Christensen Company has a 52-week high of $20.99 and a 52-week low of $10.45, and its 50-day SMA and 200-day SMA are $13.76 and $16.50 respectively.
Layne Christensen Co is a water management, construction and drilling company. It provides solutions for water, mineral and energy challenges.
Broadwind Energy Inc. (BWEN)
Broadwind Energy Inc. gained 2.79% to $9.20 in morning trading today. Volume reached 72,559 by noon. The stock's average daily volume is 176,663 shares. Broadwind Energy Inc. has a 52-week high of $14.00 and a 52-week low of $4.52, and its 50-day SMA and 200-day SMA are $9.99 and $9.60 respectively.
Broadwind Energy, Inc., is engaged in providing products & services to energy, mining & infrastructure sector customers with significant presence within U.S. wind industry. The Company's business segment includes: Towers & Weldments; Gearing; Services.
Mfri Inc. (MFRI)
Mfri Inc. gained 1.84% to $11.60 in morning trading today. Volume reached 7,841 by noon. The stock's average daily volume is 21,497 shares. Mfri Inc. has a 52-week high of $17.44 and a 52-week low of $9.11, its P/E ratio is 6, and its 50-day SMA and 200-day SMA are $11.05 and $12.79 respectively.
MFRI Inc is engaged in the manufacturing and sale of products in two segments: Piping Systems and Filtration Products.
Ceco Environmental Corp. (CECE)
Ceco Environmental Corp. gained 1.79% to $14.77 in morning trading today. Volume reached 45,565 by noon. The stock's average daily volume is 91,384 shares. Ceco Environmental Corp. has a 52-week high of $19.42 and a 52-week low of $11.81, its P/E ratio is 45.5, and its 50-day SMA and 200-day SMA are $14.80 and $15.84 respectively.
CECO Environmental, along with its subsidiaries, is an environmental technology company focused on critical solutions in the product recovery, air pollution control, fluid handling and filtration segments.
Small-Cap Stars Industrial Goods Companies - Building Your Portfolio with Strength
Picking the right small-cap industrial stocks to try and capitalize on a recovering economy can be tricky. What's more, if the predicted pick-up in the economy never materializes, you want to be backing a company strong enough to survive or even thrive in tough times.
The Small-Cap Stars system helps you find those small-cap industrials that are best positioned to make the most of any economy. It does this by using data from previous small-cap industrials success stories to determine which combination of fundamental metrics is the most predictive of significant growth, then isolates which companies are currently the most similar to those companies that had previously made major gains.
For small-cap industrials, our system found that a high rate of reinvestment, a low effective tax rate, and a high ratio of fixed assets to total assets were among the characteristics that were most likely to predict success.
All data provided by quotemedia and was accurate as of 12:07 pm ET.