Dow Jones Industrial Average
) is trading up 28 points (+0.2%) at 13,009 as of Tuesday, Feb 28, 2012, 11:35 a.m. ET. During this time, 273 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,618 issues advancing vs. 1,269 declining with 122 unchanged.
Holding back the Dow today is
), which is lagging the broader index with a two-cent decline to $26.23. Volume for Hewlett-Packard currently sits at 8.7 million shares traded vs. an average daily trading volume of 17.8 million shares.
Hewlett-Packard has a market cap of $56.58 billion and is part of the
industry. Shares are up 1.9% year to date as of Monday's close. The stock's dividend yield sits at 1.8%.
Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. The company has a P/E ratio of 9.2, above the average computer hardware industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Hewlett-Packard as a
. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow.
- You can view the full Hewlett-Packard Ratings Report.