Research In Motion Ltd (RIMM): Today's Featured Telecommunications Winner
(
) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.9%. By the end of trading, Research in Motion rose 89 cents (5.4%) to $17.37 on average volume. Throughout the day, 25.6 million shares of Research in Motion exchanged hands as compared to its average daily volume of 23.3 million shares. The stock ranged in a price between $17.01-$17.92 after having opened the day at $17.04 as compared to the previous trading day's close of $16.48. Other companies within the Telecommunications industry that increased today were:
(
), up 204.5%,
(
), up 9.7%,
(
), up 9.1%, and
(
), up 8.3%.
Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. Research in Motion has a market cap of $8.33 billion and is part of the
sector. The company has a P/E ratio of 2.9, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 71.6% year to date as of the close of trading on Monday.
TheStreet Ratings rates Research in Motion 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, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself.
- You can view the full Research in Motion Ratings Report.
On the negative front,
(
), down 12.7%,
eOn Communications Corporation
(
), down 10.4%,
(
), down 10.1%, and
(
), down 8.8%, were all losers within the telecommunications industry with
(
) being today's telecommunications industry loser.
- 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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