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 lower today making it today's featured Internet laggard. The industry as a whole closed the day up 1.0%. By the end of trading, SouFun Holdings fell $0.71 (-1.4%) to $49.29 on average volume. Throughout the day, 1,064,540 shares of SouFun Holdings exchanged hands as compared to its average daily volume of 869,100 shares. The stock ranged in price between $48.98-$50.55 after having opened the day at $50.53 as compared to the previous trading day's close of $50.00. Other companies within the Internet industry that declined today were:
), down 8.6%,
), down 5.6%,
), down 4.6% and
), down 3.4%.
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SouFun Holdings Limited operates a real estate Internet portal, and a home furnishing and improvement Website in the People's Republic of China. SouFun Holdings has a market cap of $4.0 billion and is part of the technology sector. Shares are up 95.7% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate SouFun Holdings a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full SouFun Holdings Ratings Report.
On the positive front,
), up 28.0%,
), up 22.2%,
), up 5.4% and
), up 4.8% , were all gainers within the internet industry with
) being today's featured internet industry leader.
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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
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