NEW YORK (
-- RadioShack Corporation
) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself.
RadioShack Corporation engages in the retail sale of consumer electronic goods and services through its RadioShack store chain and non-RadioShack branded kiosk operations. The company has a P/E ratio of 8.8, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 23.2. RadioShack has a market cap of $1.8 billion and is part of the
industry. Shares are down 17.2% year to date as of the close of trading on Tuesday.
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