Cytec Industries Inc. (CYT) is down approximately 1% today on low volume of 923,000 shares, compared with the average of 1 million.

Cytec saw declining sales across all its chemical product lines in its latest first quarter due to the slump in the auto, construction and general industrial markets. As a result, revenue stood at $612 million, down from $973 million in the year-ago quarter.

In April, the company posted first-quarter earnings of 6 cents per share, which missed the consensus by 25 cents.

The full-year estimate is down to $1.36 per share from the previous month's $2.24 as all of the 6 covering analysts reduced expectations.

Cytec is a Zacks #5 Rank ("Strong Sell") company.

"CYT" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

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Is that shirt on your back made partially out of spider silk? Well, not yet. But that question may have a different answer in the not too distant future. Researchers around the world are working hard to untangle one of nature’s greatest mysteries: exactly how do spiders make silk and can it be produced on a commercial scale by man.

The reason for all the interest in spider silk relates to its extraordinary qualities, unlike anything currently available. Although there are different types of spider silk, and different ways of measuring strength, it is generally considered to have a tensile strength (ability to resist tearing) far greater than steel by weight, in addition to being much more elastic than other tough fibers, such as Dupont’s Kevlar®, Honeywell International Inc.’s (NYSE: HON) Dyneema, or Cytec Industries, Inc. (NYSE: CYT) and Hexcel Corp.’s (NYSE: HXL) carbon fibers.

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