3 Construction Services Companies in the Green (PCYO, KSW, IESC)
July 17th, 2010 at 6:03 am Posted by
Let me your attention to 3 companies in the construction services sector that traded in the green on July 16, in a stark contrast to their peers’ swimming in the sea of red:
PCYO
Pure Cycle Corporation (NASDAQ: PCYO), which installs and services water and wastewater systems in Denver, CO, bucked the general bearish momentum in the market and the sector to move 1.4% higher to $2.80 a share. PCYO shares are now 1.75% down year-to-date. They trade with the lowest beta in the sector. PCYO recently announced financial results from the nine months ended May 31, reporting a narrower loss compared to that reported for the same period last year.
KSW
The second construction services company that traded in the green on July 16, was KSW Inc. (NASDAQ: KSW). This company installs heating, ventilating and air conditioning systems for both private and public construction put in place. KSW shares closed about 1% higher on the day to settle at $3.05. Trading volume was above the average daily volume for the past 10-days by a factor of 8.4. KSW shares boast a low beta of 0.71 and have a dividend yield of 3.28%. Notwithstanding today’s gain, KSW is still 16.7% below its price level at the beginning of 2010.
IESC
Integrated Electrical Services (NASDAQ: IESC) was also in the green on July 16, positing a 0.86% gain on the day. IESC shares are now up 8% on the week, but remain down nearly 40% from the beginning of the year. The company develops and maintains electrical, data communications and utilities systems for residential, industrial, and commercial construction industries.
