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) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 1.6%. By the end of trading, Seagate Technology fell $6.53 (-11.2%) to $51.52 on heavy volume. Throughout the day, 17,569,866 shares of Seagate Technology exchanged hands as compared to its average daily volume of 3,320,900 shares. The stock ranged in price between $50.50-$54.60 after having opened the day at $53.72 as compared to the previous trading day's close of $58.05. Other companies within the Computer Hardware industry that declined today were:
), down 8.0%,
), down 2.2%,
), down 1.8% and
), down 1.6%.
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Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products. Seagate Technology has a market cap of $19.1 billion and is part of the technology sector. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are up 3.4% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Seagate Technology a buy, 1 analyst rates it a sell, and 13 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Seagate Technology Ratings Report.
On the positive front,
), up 23.6%,
), up 19.1%,
), up 12.4% and
), up 9.2% , were all gainers within the computer hardware industry with
) being today's featured computer hardware industry leader.
- Use our computer hardware 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 computer hardware industry could consider
) while those bearish on the computer hardware industry could consider
- Find other investment ideas from our top rated ETFs lists.