TMCnet News
Highest P/E Ratio in the Industrial Machinery Industry Detected in Shares of Key Technology (KTEC, DDD, SPW, PNR, GTLS)Mar 12, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Industrial Machinery industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Key Technology ranks highest with a a P/E ratio of 85.00. 3D Systems is next with a a P/E ratio of 66.18. SPX ranks third highest with a a P/E ratio of 34.54. Pentair follows with a a P/E ratio of 33.94, and Chart Industries rounds out the top five with a a P/E ratio of 32.54. SmarTrend recommended that subscribers consider buying shares of Chart Industries on December 12th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $62.78. Since that recommendation, shares of Chart Industries have risen 28.4%. We continue to monitor Chart Industries for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |