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.
) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 0.1%. By the end of trading, Qihoo 360 Technology rose $2.12 (2.5%) to $86.60 on average volume. Throughout the day, 3,484,616 shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 3,149,000 shares. The stock ranged in a price between $84.48-$88.62 after having opened the day at $85.00 as compared to the previous trading day's close of $84.48. Other companies within the Internet industry that increased today were:
), up 13.8%,
), up 6.1%,
), up 6.0% and
), up 4.2%.
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Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $10.3 billion and is part of the technology sector. The company has a P/E ratio of 221.2, above the S&P 500 P/E ratio of 17.7. Shares are up 184.5% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates Qihoo 360 Technology as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.
- You can view the full Qihoo 360 Technology Ratings Report.
On the negative front,
), down 8.0%,
), down 7.8%,
), down 7.7% and
), down 5.5% , were all laggards within the internet industry with
) being today's internet industry laggard.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
) while those bearish on the internet industry could consider
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