Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole was unchanged today. By the end of trading, Infosys fell $0.66 (-1.6%) to $41.80 on light volume. Throughout the day, 887,783 shares of Infosys exchanged hands as compared to its average daily volume of 2,188,400 shares. The stock ranged in price between $41.63-$42.18 after having opened the day at $42.10 as compared to the previous trading day's close of $42.46. Other companies within the Technology sector that declined today were:
Renewable Energy Trade Board
), down 60.8%,
), down 29.4%,
), down 16.7% and
), down 12.7%.
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Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $24.6 billion and is part of the computer software & services industry. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7. Shares are up 1.8% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Infosys a buy, 3 analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates Infosys as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins, a generally disappointing performance in the stock itself and unimpressive growth in net income.
- You can view the full Infosys Ratings Report.
On the positive front,
), down 25.1%,
), down 19.6%,
), down 18.8% and
), down 16.7% , 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
- Find other investment ideas from our top rated ETFs lists.
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