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Rite Aid Corporation (RAD): Today's Featured Services 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.

Rite Aid Corporation ( RAD) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.6%. By the end of trading, Rite Aid Corporation fell $0.14 (-2.5%) to $5.50 on light volume. Throughout the day, 14,936,370 shares of Rite Aid Corporation exchanged hands as compared to its average daily volume of 26,053,400 shares. The stock ranged in price between $5.50-$5.65 after having opened the day at $5.65 as compared to the previous trading day's close of $5.64. Other companies within the Services sector that declined today were: Birks Group ( BGI), down 18.0%, Document Security Systems ( DSS), down 13.8%, Hastings Entertainment ( HAST), down 10.6% and China Yida ( CNYD), down 10.5%.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid Corporation has a market cap of $5.4 billion and is part of the retail industry. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are up 11.5% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Rite Aid Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Rite Aid Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow.

On the positive front, FreeSeas ( FREE), up 31.4%, Newlead Holdings ( NEWL), up 25.0%, Eagle Bulk Shipping ( EGLE), up 19.8% and Genco Shipping & Trading ( GNK), up 13.9% , were all gainers within the services sector with Melco Crown Entertainment ( MPEL) being today's featured services sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

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