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Infosys Ltd (INFY): Today's Featured Technology Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Infosys ( INFY) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.8%. By the end of trading, Infosys fell $0.92 (-2.0%) to $45.45 on average volume. Throughout the day, 2,116,359 shares of Infosys exchanged hands as compared to its average daily volume of 1,621,400 shares. The stock ranged in price between $44.81-$45.51 after having opened the day at $44.99 as compared to the previous trading day's close of $46.37. Other companies within the Technology sector that declined today were: Kingtone Wirelessinfo Solution ( KONE), down 11.7%, Helios and Matheson Analytics ( HMNY), down 10.2%, Unwired Planet ( UPIP), down 9.7% and ChyronHego ( CHYR), down 8.1%.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $26.5 billion and is part of the computer software & services industry. Currently there are 3 analysts that rate Infosys a buy, 3 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Infosys as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

On the positive front, Nokia Oyj ( NOK), up 31.3%, Hanwha SolarOne ( HSOL), up 15.9%, ReneSola ( SOL), up 14.9% and SouFun Holdings ( SFUN), up 12.8% , were all gainers within the technology sector with Google ( GOOG) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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