Research In Motion Ltd (RIMM): Today's Featured Telecommunications Laggard
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 Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Research in Motion fell 12 cents (-1.8%) to $6.94 on light volume. Throughout the day, 10.9 million shares of Research in Motion exchanged hands as compared to its average daily volume of 20.5 million shares. The stock ranged in price between $6.89-$7.04 after having opened the day at $7.01 as compared to the previous trading day's close of $7.06. Other companies within the Telecommunications industry that declined today were:
RRSat Global Communications Network
(
), down 7.3%,
(
), down 6.1%,
(
TheStreet Recommends
), down 5.5%, and
(
), down 4.3%.
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Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. Research in Motion has a market cap of $3.93 billion and is part of the
sector. Shares are down 51.2% year to date as of the close of trading on Thursday. Currently there is one analyst that rates Research in Motion a buy, 13 analysts rate it a sell, and 21 rate it a hold.
TheStreet Ratings rates Research in Motion as a
. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.
- You can view the full Research in Motion Ratings Report.
On the positive front,
(
), up 19.6%,
(
), up 17.6%,
(
), up 10.9%, and
(
), up 7.5%, were all gainers within the telecommunications industry with
(
) being today's featured telecommunications industry leader.
- Use our telecommunications section to find industry-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 telecommunications industry could consider
(
) while those bearish on the telecommunications industry could consider
ProShares Ult Sht Telecommunication
(
).
- Find other investment ideas from our top rated ETFs lists.
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