3 Stocks Pushing The Telecommunications Industry Lower
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.
The Telecommunications industry as a whole closed the day down 1.4% versus the S&P 500, which was down 1.9%. Laggards within the Telecommunications industry included
(
), down 8.4%,
(
), down 4.6%,
(
), down 6.4%,
(
), down 3.8% and
(
), down 3.3%.
TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:
(
) is one of the companies that pushed the Telecommunications industry lower today. RIT Technologies was down $0.06 (6.4%) to $0.92 on light volume. Throughout the day, 8,608 shares of RIT Technologies exchanged hands as compared to its average daily volume of 31,700 shares. The stock ranged in price between $0.92-$1.00 after having opened the day at $1.00 as compared to the previous trading day's close of $0.98.
RIT Technologies has a market cap of $12.3 million and is part of the technology sector. Shares are unchanged year-to-date as of the close of trading on Friday.
At the close,
(
) was down $0.05 (4.6%) to $1.04 on light volume. Throughout the day, 5,525 shares of Glowpoint exchanged hands as compared to its average daily volume of 22,000 shares. The stock ranged in price between $1.02-$1.09 after having opened the day at $1.02 as compared to the previous trading day's close of $1.09.
Glowpoint has a market cap of $39.4 million and is part of the technology sector. Shares are unchanged year-to-date as of the close of trading on Friday.
(
) was another company that pushed the Telecommunications industry lower today. Sajan was down $0.48 (8.4%) to $5.21 on heavy volume. Throughout the day, 7,107 shares of Sajan exchanged hands as compared to its average daily volume of 3,900 shares. The stock ranged in price between $5.21-$5.53 after having opened the day at $5.53 as compared to the previous trading day's close of $5.69.
Sajan has a market cap of $27.0 million and is part of the technology sector. Shares are unchanged year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Sajan a buy, no analysts rate it a sell, and none rate it a hold.
