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 modelAll three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 187 points (-1.2%) at 14,990 as of Wednesday, June 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 593 issues advancing vs. 2,381 declining with 93 unchanged.The Technology sector currently sits down 1.09 versus the S&P 500, which is down 1.24. On the negative front, top decliners within the sector include Kyocera Corporation (KYO), down 3.55, Corning (GLW), down 3.31, Nokia Oyj (NOK), down 2.82, Mobile Telesystems OJSC (MBT), down 2.64 and Infosys (INFY), down 2.36.TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:5. Seagate Technology (STX) is one of the companies pushing the Technology sector lower today. As of noon trading, Seagate Technology is down $1.10 (-2.5%) to $43.64 on light volume Thus far, 2.0 million shares of Seagate Technology exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $43.64-$44.83 after having opened the day at $44.73 as compared to the previous trading day's close of $44.74. Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise storage, client compute, and client non-compute market applications worldwide. Seagate Technology has a market cap of $15.8 billion and is part of the computer hardware industry. The company has a P/E ratio of 7.1, below the S&P 500 P/E ratio of 17.7. Shares are up 44.5% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Seagate Technology a buy, 3 analysts rate it a sell, and 13 rate it a hold.TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Seagate Technology Ratings Report now.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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