) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware loser. The industry as a whole closed the day down 3.3%. By the end of trading, International Business Machines fell $3.36 (-1.9%) to $177.95 on average volume. Throughout the day, 4.7 million shares of International Business Machines exchanged hands as compared to its average daily volume of 6.1 million shares. The stock ranged in price between $177.52-$181.49 after having opened the day at $180.54 as compared to the previous trading day's close of $181.31. Other company's within the Computer Hardware industry that declined today were:
), down 14.3%,
), down 9.3%,
), down 9.1%, and
), down 8.6%.
International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $213.9 billion and is part of the
sector. The company has a P/E ratio of 14.4, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 23.5% year to date as of the close of trading on Tuesday.
TheStreet Ratings rates International Business Machines as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
- You can view the full International Business Machines Ratings Report.
- Use our computer hardware section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider
) while those bearish on the computer hardware industry could consider
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