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Highest P/E Ratio in the Housewares & Specialties Industry Detected in Shares of CTI Industries (CTIB, JAH, TUP, NWL, ACU)
Feb 12, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Housewares & Specialties 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.CTI Industries ranks highest with a a P/E ratio of 41.60. Jarden is next with a a P/E ratio of 16.87. Tupperware Brands ranks third highest with a a P/E ratio of 15.86.
Newell Rubbermaid follows with a a P/E ratio of 14.34, and Acme United rounds out the top five with a a P/E ratio of 11.10.
SmarTrend recommended that subscribers consider buying shares of Newell Rubbermaid on September 6th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $18.37. Since that recommendation, shares of Newell Rubbermaid have risen 31.4%. We continue to monitor Newell Rubbermaid for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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