Spreadtrum Communications Inc. (SPRD): Today's Featured Electronics Loser
(
) pushed the Electronics industry lower today making it today's featured Electronics loser. The industry as a whole closed the day up 3.9%. By the end of trading, Spreadtrum Communications Inc fell 66 cents (-2.7%) to $24.09 on average volume. Throughout the day, two million shares of Spreadtrum Communications Inc exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in price between $23.25-$25.96 after having opened the day at $25.50 as compared to the previous trading day's close of $24.75. Other company's within the Electronics industry that declined today were:
Dynasil Corporation of America
(
), down 13%,
(
), down 9.3%,
(
), down 8.5%, and
(
), down 6.8%.
Spreadtrum Communications, Inc., through its subsidiaries, operates as a fabless semiconductor company that designs, develops, and markets baseband processor and RF transceiver solutions for wireless communications and mobile television markets. Spreadtrum Communications Inc has a market cap of $1.14 billion and is part of the
sector. The company has a P/E ratio of 9.7, above the average electronics industry P/E ratio of 3.9 and below the S&P 500 P/E ratio of 17.7. Shares are up 34.7% year to date as of the close of trading on Friday.
TheStreet Ratings rates Spreadtrum as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet.
- You can view the full Spreadtrum Ratings Report.
On the positive front,
(
), up 41.9%,
(
), up 18.5%,
(
), up 17%, and
(
), up 15.3%, were all gainers within the electronics industry with
(
) being today's featured electronics industry winner.
- Use our electronics 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 electronics industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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