Small-cap industrial goods companies can often be the biggest beneficiaries of a growing economy, with their revenues rapidly increasing when the rest of the business world is making investments in infrastructure. Equities.com's Small-Cap Stars, our proprietary list of small caps that feature a profile of fundamentals that would best indicate strong potential for future success, includes more than two dozen small-cap industrial goods companies that are well positioned to make major gains.
Here are today's top-performing industrial goods Small-Cap Stars:
Layne Christensen Company (LAYN)
Layne Christensen Company gained 3.22% to $10.91. The gains came on a volume of 204,866 shares against an average daily volume of 203,529 shares. Layne Christensen Company has had a trading range from $20.75 to $10.10 over the last year, it has a 50-day SMA of $12.50, and a 200-day SMA of $15.82.
Layne Christensen Co is a water management, construction and drilling company. It provides solutions for water, mineral and energy challenges.
Ceco Environmental Corp. (CECE)
Ceco Environmental Corp. gained 3.13% to $14.17. The gains came on a volume of 71,022 shares against an average daily volume of 74,442 shares. Ceco Environmental Corp. has had a trading range from $19.42 to $11.81 over the last year, its P/E ratio is 41.6, it has a 50-day SMA of $14.78, and a 200-day SMA of $15.62.
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.
Conrad Indus Inc (CNRD)
Conrad Indus Inc gained 2.12% to $39.00. The gains came on a volume of 200 shares against an average daily volume of 3,280 shares. Conrad Indus Inc has had a trading range from $42.90 to $29.55 over the last year, it has a 50-day SMA of $38.38, and a 200-day SMA of $38.06.
Tower International (TOWR)
Tower International gained 1.46% to $34.08. The gains came on a volume of 333,446 shares against an average daily volume of 198,340 shares. Tower International has had a trading range from $37.50 to $18.86 over the last year, its P/E ratio is 13.2, it has a 50-day SMA of $34.73, and a 200-day SMA of $27.17.
Tower International Inc is a manufacturer of engineered structural metal components and assemblies, mainly serving automotive OEMs. It supplies the automotive industry with body-structure stampings, frames and other chassis structures.
Matrix Service Company (MTRX)
Matrix Service Company gained 0.84% to $27.63. The gains came on a volume of 179,185 shares against an average daily volume of 225,544 shares. Matrix Service Company has had a trading range from $38.71 to $15.45 over the last year, its P/E ratio is 21.1, it has a 50-day SMA of $31.29, and a 200-day SMA of $28.97.
Matrix Service Co provides engineering, fabrication, infrastructure, construction, and maintenance services to the oil, gas, power, petrochemical, industrial, mining and minerals markets.
Small-Cap Stars Industrial Goods Companies - Keeping Your Portfolio Working for You
Many have predicted that the slow rebound of economic activity after the Great Recession means that there's pent-up demand for industrial goods, pent-up demand that could mean industrials are a good area to be invested in. The Small-Cap Stars system helps you identify which small-cap companies in the industry are the most likely to take off in the near future. It does this by using historical data to identify which fundamental metrics have been the most predictive of future success in the past and then identifying those companies that best fit that profile now.
For industrial goods companies in 2014, 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 most important metrics in selecting small-cap industrial goods companies.
All data provided by QuoteMedia and was accurate as of 4:30 pm ET.