5 Electronics Stocks Dragging The Industry Down
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 up today with the Dow Jones Industrial Average (^DJI) trading up 15 points (0.1%) at 14,565 as of Thursday, April 4, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,512 issues advancing vs. 1,354 declining with 153 unchanged.
The Electronics industry currently sits up 0.1% versus the S&P 500, which is up 0.1%. A company within the industry that fell today was STMicroelectronics (STM), up 2.9%. Top gainers within the industry include Advantest (ATE), up 5.0%, Kyocera Corporation (KYO), up 2.7%, Cree (CREE), up 1.9%, Agilent Technologies (A), up 1.6% and Altera (ALTR), up 1.6%.
TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:
5. LG.Display Company (LPL) is one of the companies pushing the Electronics industry lower today. As of noon trading, LG.Display Company is down $0.25 (-1.8%) to $13.60 on light volume Thus far, 286,116 shares of LG.Display Company exchanged hands as compared to its average daily volume of 979,000 shares. The stock has ranged in price between $13.54-$13.65 after having opened the day at $13.59 as compared to the previous trading day's close of $13.85.
LG Display Co., Ltd. engages in the manufacture and sale of thin film transistor liquid crystal display (TFT-LCD) panels in the Republic of Korea, the United States, Europe, China, and rest of Asia. LG.Display Company has a market cap of $10.1 billion and is part of the technology sector. Shares are down 4.4% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates LG.Display Company a buy, 1 analyst rates it a sell, and 1 rates it a hold.
TheStreet Ratings rates LG.Display Company as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full LG.Display Company Ratings Report now.
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