Power-One Inc. (PWER): Today's Featured Technology Loser
(
) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day up 3.6%. By the end of trading, Power-One Inc fell 9 cents (-2.1%) to $4.17 on average volume. Throughout the day, three million shares of Power-One Inc exchanged hands as compared to its average daily volume of 3.2 million shares. The stock ranged in price between $4.10-$4.44 after having opened the day at $4.44 as compared to the previous trading day's close of $4.26. Other company's within the Technology sector that declined today were:
(
), down 13.3%,
Dynasil Corporation of America
(
), down 13%,
(
), down 11.8%, and
Banks.com Inc
(
BNX
), down 10.8%.
Power-One, Inc. designs, manufactures, and markets power conversion and power management solutions for the renewable energy (RE), communications infrastructure, and other technology markets. Power-One Inc has a market cap of $494 million and is part of the
industry. The company has a P/E ratio of 4.4, below the average electronics industry P/E ratio of 4.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 58.2% year to date as of the close of trading on Friday.
TheStreet Ratings rates Power-One as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive 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 feeble growth in the company's earnings per share.
- You can view the full Power-One Ratings Report.
On the positive front,
(
), up 41.9%,
(
), up 33.1%,
(
), up 24.1%, and
Powerwave Technologies Inc
(
PWAVD
), up 18.8%, were all gainers within the technology sector with
(
) being today's featured technology sector winner.
- 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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