Lexmark International Inc. (LXK): Today's Featured Computer Hardware 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.
(
) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Lexmark International fell $0.43 (-1.3%) to $32.67 on light volume. Throughout the day, 732,850 shares of Lexmark International exchanged hands as compared to its average daily volume of 998,900 shares. The stock ranged in price between $32.49-$33.25 after having opened the day at $33.10 as compared to the previous trading day's close of $33.10. Other companies within the Computer Hardware industry that declined today were:
(
), down 5.1%,
(
), down 3.4%,
(
), down 3.4% and
(
), down 2.8%.
Lexmark International, Inc. develops, manufactures, and supplies printing and imaging solutions for offices. It offers laser printers, inkjet printers, and multifunction devices, as well as cartridges and other supplies, services, and solutions. Lexmark International has a market cap of $2.1 billion and is part of the technology sector. Shares are up 42.7% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Lexmark International a buy, 6 analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Lexmark International
as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
- You can view the full Lexmark International Ratings Report.
On the positive front,
(
), up 5.6%,
China TechFaith Wireless Comm Tech
(
), up 5.0%,
(
), up 4.9% and
(
), up 4.8% , were all gainers within the computer hardware industry with
(
) being today's featured computer hardware industry leader.
- Use our computer hardware section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the computer hardware industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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