4 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

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 45 points (0.3%) at 14,027 as of Tuesday, Feb. 19, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,918 issues advancing vs. 965 declining with 159 unchanged.

The Technology sector currently sits up 0.7% versus the S&P 500, which is up 0.5%. Top gainers within the sector include AU Optronics Corporation (AUO), up 11.3%, CenturyLink (CTL), up 6.0%, Taiwan Semiconductor Manufacturing (TSM), up 2.6%, Turkcell Iletisim Hizmetleri AS (TKC), up 2.5% and Rogers Communications (RCI), up 2.5%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:

4. Yandex (YNDX) is one of the companies pushing the Technology sector lower today. As of noon trading, Yandex is down $2.97 (-11.6%) to $22.62 on heavy volume Thus far, 5.7 million shares of Yandex exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $22.12-$24.09 after having opened the day at $23.61 as compared to the previous trading day's close of $25.59.

Yandex N.V. operates as an Internet and technology company and operates an Internet search engine in Russia and internationally. It offers access to a range of information available online; localized homepages for specific geographic markets; and personalized and email services. Yandex has a market cap of $4.8 billion and is part of the internet industry. The company has a P/E ratio of 46.5, above the S&P 500 P/E ratio of 17.7. Shares are up 18.8% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Yandex a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Yandex as a sell. The area that we feel has been the company's primary weakness has been its feeble growth in its earnings per share. Get the full Yandex Ratings Report now.

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