NII Holdings Inc (NIHD): Today's Featured Technology Laggard
(
) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.2%. By the end of trading, NII Holdings fell $0.36 (-5.3%) to $6.41 on average volume. Throughout the day, 4,349,898 shares of NII Holdings exchanged hands as compared to its average daily volume of 5,032,900 shares. The stock ranged in price between $6.18-$6.93 after having opened the day at $6.92 as compared to the previous trading day's close of $6.77. Other companies within the Technology sector that declined today were:
(
), down 13.9%,
(
), down 11.1%,
(
), down 10.6% and
(
), down 10.0%.
NII Holdings, Inc., through its subsidiaries, provides wireless communication services under the Nextel brand name to businesses and individuals in Mexico, Brazil, Argentina, Peru, and Chile. NII Holdings has a market cap of $1.2 billion and is part of the telecommunications industry. Shares are down 5.0% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate NII Holdings a buy, 2 analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
NII Holdings
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself.
- You can view the full NII Holdings Ratings Report.
On the positive front,
(
), up 22.1%,
(
), up 16.8%,
(
), up 16.4% and
Maxcom Telecomunicaciones S.A.B. de C.V
(
), up 15.6% , were all gainers within the technology sector with
(
) being today's featured technology sector leader.
- Use our technology section to find sector-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 technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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