Marvell Technology Group Ltd. (MRVL): Today's Featured Electronics Laggard
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. Marvell Technology Group (MRVL) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole was unchanged today. By the end of trading, Marvell Technology Group fell 20 cents (-1.9%) to $10.32 on light volume. Throughout the day, 8.2 million shares of Marvell Technology Group exchanged hands as compared to its average daily volume of 11.3 million shares. The stock ranged in price between $10.16-$10.57 after having opened the day at $10.53 as compared to the previous trading day's close of $10.52. Other companies within the Electronics industry that declined today were: Memsic (MEMS), down 15.2%, Oclaro (OCLR), down 8.7%, Suntech Power Holdings (STP), down 8.6%, and Digital Power Corporation (DPW), down 8.3%.
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