STR Holdings Pushes Consumer Goods Sector at NYSE

Published Date : Aug 20, 2015

As the Dow Jones Industrial Average traded down -0.9% (164.34 points) at 17,347 on Aug. 19, 2015, all 3 major indices showed decline in today trading session. The advances/declines ratio of NYSE sits at 562 advancing issues compared to 2,422 declining issues and 143 issues remains unchanged.

The whole consumer goods sector closed 0.9% down on Wednesday, whereas the S&P 500 was also down by 0.9%. The top gainers were STR Holdings (STRI) showing an upward movement of 4.3%, Pingtan Marine Enterprise (PME) that went up by 3.2%, Leading Brands (LBIX), witnessing 2.6% rise, Ocean Bio-Chem (OBCI), also showing 2.6% increase, and Natuzzi SPA (NTZ), up 1.6% within the consumer goods sector.

The biggest gainer in Wednesday’s trading session was STR Holdings (STRI). It went up 4.3% (US$0.04) and reached US$0.93 per share on light volume. During the trading session, 5,416 shares of the stock were traded comparing to its average daily volume of 31,300 shares. After having opened at US$0.92 in the trading session, the stock ranged in a price between US$0.91-US$0.93. In the previous day's trading the stock closed at US$0.89.

STR Holdings globally functions as an industrial materials and plastic research and development firm with its subsidiaries. The company boasts of a market capital of US$16.4 million and it is part of the market for consumer non-durables. On Tuesday, the shares of the company were down 78.3% on a year-to-date basis. At present, STR Holdings has been given a 'Buy' rating.