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Shares of Dynamic Materials Rank the Highest in terms of Beta in the Industrial Machinery Industry (BOOM, NNBR, MWA, GTLS, AP)

Written on Fri, 07/23/2010 - 6:12am
By Chip Brian

Below are the top five companies in the Industrial Machinery industry as measured by beta. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.
Dynamic Materials (NASDAQ:BOOM) ranks first with a beta of 2; NN, Inc (NASDAQ:NNBR) ranks second with a beta of 1.8; and Mueller Water Products (NYSE:MWA) ranks third with a beta of 1.7.
Chart Industries (NASDAQ:GTLS) follows with a beta of 1.7 and Ampco-Pittsburgh (NYSE:AP) rounds out the top five with a beta of 1.7.
SmarTrend is bearish on shares of GTLS and our subscribers were alerted to Sell on May 03, 2010 at $23.23. The stock has fallen 23% since the alert was issued.

Keywords: dynamic materials highest beta

Ticker(s): BOOM NNBR MWA GTLS AP

Contact Chip Brian



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