3 Stocks Pushing The Technology Sector Lower
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.4%) at 13,942 as of Monday, Feb. 25, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,301 issues advancing vs. 1,576 declining with 144 unchanged.
The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include 3D Systems Corporation ( DDD), down 7.6%, F5 Networks ( FFIV), down 4.4%, BT Group ( BT), down 3.2%, Salesforce.com ( CRM), down 1.9% and America Movil S.A.B. de C.V ( AMOV), down 1.8%. Top gainers within the sector include Infosys ( INFY), up 3.8%, Tim Holding Company ( TSU), up 2.4%, Nippon Telegraph & Telephone ( NTT), up 1.9%, Nielsen Holdings ( NLSN), up 1.6% and Telefonica ( TEF), up 1.5%.
TheStreet Ratings group would like to highlight 3 stocks pushing the sector lower today:
3. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Technology sector lower today. As of noon trading, China Unicom (Hong Kong is down $0.10 (-0.7%) to $14.37 on light volume Thus far, 186,178 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 622,900 shares. The stock has ranged in price between $14.36-$14.48 after having opened the day at $14.47 as compared to the previous trading day's close of $14.47.
China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of GSM and WCDMA cellular, and related telecommunications services primarily in the People's Republic of China. China Unicom (Hong Kong has a market cap of $33.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 51.4, above the S&P 500 P/E ratio of 17.7. Shares are down 11.7% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. Get the full China Unicom (Hong Kong Ratings Report now.